Rivian cut advertised lease payments on every R1S and R1T configuration for August, reversing the increases it imposed on July 1 — in five of six cases to the exact dollar of the June price.
On the R1S, the Dual returned to $1,139 a month from July’s $1,189, the Tri to $1,599 from $1,689 and the Quad to $2,029 from $2,099.
The R1T moved in parallel, as first reported on X by Rivian and content creator Chris Hilbert.
The Dual to $1,129 from $1,179, the Tri to $1,559 from $1,649 and the Quad to $1,979 from $2,049 — three dollars above its June level, the only trim not restored precisely.
The Tri configurations, which had absorbed the steepest July increases at roughly $90 a month, gave back the full amount.
The August slate, valid through August 31 with delivery by September 30, completes a reversal that began before July ended.
As EV reported, Rivian walked back its July structure in stages.
Inventory price cuts of $500 on Dual R1S builds, $2,000 across R1T pickups and $5,000 on flagship Quads arrived mid-month while a 0.99% rate returned on the Tri in the final week alongside a $1,000 discount on any new R1 ordered through the end of July.
Lucid’s clearance program on 2026 Gravity stock, stacking a $10,000 credit with zero-percent financing, has produced lease quotes on the $82,550 SUV below the R2’s — a comparison now circulating widely in EV social media.
What August Keeps
The 0.99% APR carries into August on the R1 Tri Max over 60 months, but the 3.99% tier now covers the Dual Standard and Dual Performance builds — a full percentage point above the 2.99% those configurations carried through July, and four points above the zero-rate offers that opened the year and reached the Quad for the first time in February.
The $3,000 lease bonus persists on the 2026 R1 Dual with Performance Upgrade and Large battery and on the Tri Max, applied to the amount due at signing on 24- and 36-month terms.
Rivian‘s own August examples price an R1T Tri Max at $1,559 a month with $6,454 due at signing and an R1S Tri Max at $1,599 with $6,494, each before tax and including the $1,895 destination fee.
The R2 Sits Out Another Month
The R2 Performance Launch Edition, priced at $57,990, enters its third month on sale with no purchase incentives and an advertised lease unchanged at $829 a month with $5,724 due at signing.
The 36-month residual value has been cut from $38,070 at launch to $36,286, a reduction of about $1,800 that raises effective payments without touching the headline.
The monthly cost stack also carries Rivian’s software pricing, with the Autonomy+ hands-free suite a paid service at $49.99 a month since April.
In March 2022, the company raised R1 prices roughly 20% including on existing preorders, reversed the increase for reservation holders within days under owner revolt, and ultimately paid a $250 million settlement to close the shareholder litigation the episode helped spawn.
