Rivian adjusted lease pricing across its R1 lineup over the weekend, cutting monthly payments for most configurations while raising rates on its higher-end Dual motor variants.
The company lowered lease prices on its entry-level R1S Dual Standard model by $10 to $699 per month for a 36-month term, matching the new starting price for the R1T pickup variant.
The changes took effect on Saturday as November began and are valid through November 30, as first shared by Rivian owner and enthusiast Chris Hilbert on X.
Price Moves Across the Lineup
For the R1S SUV, the Dual Standard configuration dropped from $709 per month to $699, while the upgraded Dual with large battery rose from $909 to $929 per month.
The Tri-motor variant fell from $1,399 to $1,269 monthly, and the Quad motor declined from $1,769 to $1,729.
The R1T pickup saw similar patterns.
Its Dual Standard model decreased from $719 to $699 per month, while the Dual with large battery climbed from $889 to $929.
The R1T’s Tri-motor dropped from $1,369 to $1,239, and the Quad motor fell from $1,749 to $1,709 per month. All pricing applies to 36-month lease terms.
Dual configurations with Max battery and Performance Upgrade qualify for a $6,500 lease bonus, with those models priced at $1,099 for the R1S and $1,089 for the R1T.
Recent Volatility in Lease Rates
In early September, Rivian had raised prices substantially across the board, with the R1S Standard jumping from $811 to $831 per month and the Quad motor surging from $1,799 to $1,850.
September marked the last month where the $7,500 EV Tax Credit was still active.
At that time, the R1S Dual was priced at $919 monthly — $10 lower than the current November rate of $929 — while the R1T Dual stood at $879, well below today’s $929 figure.
Some configurations, including the R1T Tri at $1,299 in September, saw no change before declining in November.
R2T Trademark
The electric vehicle maker revived its ‘R2T’ trademark last week, six months after the USPTO marked it abandoned for failure to file a Statement of Use.
Originally filed in May 2022, the trademark suggests Rivian may still plan a pickup truck variant of its R2 SUV.
