Rivian raised its promotional financing rate on the R1 Tri to 1.99% APR on Wednesday, doubling the 0.99% offer the company had advertised on the trim since the start of the month.
The change was first reported on X by Rivian owner and content creator Chris Hilbert, who wrote that “Rivian has raised the APR offer on the Tri to 1.99% APR. Previously it was 0.99% APR.”
A screenshot of the company’s offers page attached to the post shows the new terms: R1 Tri financing “as low as 1.99% APR,” available on new 2026 R1 Tri vehicles with a 60-month term and valid until September 1.
The Rest Holds
The increase touches only one line of the incentive grid Rivian published for August.
Hilbert had flagged the original slate himself in an August 1 post, listing the R1 Tri rate at 0.99% APR alongside a $3,000 savings offer on select new R1 models and a 3.99% APR rate on select R1 Dual builds.
As EV reported at the time, the 0.99% Tri rate carried over from the promotional financing Rivian introduced in the final week of July.
Wednesday’s page otherwise matches that slate.
The R1 Dual still starts at 3.99% APR on 2026 builds over a 60-month term, valid through September 1.
The $3,000 offer persists as well, narrowed to the R1 Tri specifically and applied when leasing for 24 or 30 months with delivery required by September 30.
A Stealth Package exterior offer discounting up to $2,200 rounds out the page.
Only the Tri’s financing rate has moved — by a full percentage point.
July Changes
Wednesday’s increase is the first move in the opposite direction since Rivian began unwinding a round of July rate and lease hikes.
Rivian raised financing rates and lease payments across the R1 line on July 1, a day before publishing second-quarter delivery figures, then reversed course in stages before the month was out.
The Tri rate fell to 0.99% APR in the final week of July, paired with a $1,000 discount on any new R1 ordered through July 31, and carried into the published August slate alongside lease prices restored to their June levels.
Days later, Rivian cut every advertised R1 lease payment for August, erasing July’s increases across both the R1S and R1T in five of six configurations.
The 850-horsepower Tri, which sits between the volume Dual builds and the halo Quad, had carried the cheapest financing anywhere in the R1 lineup for roughly three weeks.
Rivian has changed its R1 financing and lease terms roughly every two to four weeks since the spring, rotating between rate cuts, lease bonuses and inventory discounts as it works through 2026 stock ahead of an expected 2027 model-year reveal.
Filings submitted to the US Environmental Protection Agency late last month point to that update arriving soon, with the current model year having already passed its usual July anniversary.
Soft Demand
The back-and-forth on Tri financing plays out against a weakening delivery picture for the R1 line.
Combined R1S and R1T deliveries fell 6.3% year over year in the second quarter on Cox Automotive‘s figures, with the R1T down 30.4% and the R1S roughly flat, extending a 15.1% full-year decline for the nameplate in 2025.
Rivian reported a narrower-than-expected adjusted loss for the quarter, with revenue of $1.7 billion, up 27% from a year earlier, and has said early demand for the R2 crossover is running ahead of its internal plans.
The dynamic gives the R1 discounting a dual purpose: clearing 2026 stock before a 2027 update while defending flagship volume as the R2 continues its production ramp at the Normal, Illinois plant.
Current R1 incentives also run in a market without the $7,500 federal clean vehicle credit, which expired on September 30, 2025, leaving Rivian to fund the promotional structure entirely from its own balance sheet.
2027 Model Year
Certification filings submitted to the US Environmental Protection Agency late last month, point to that update arriving soon, with the current model year having already passed its usual July anniversary.
Rivian introduced the MY2026 vehicles on July 8 last year.
The documents cover the entire R1 lineup and outline several changes beyond the routine yearly refresh.
Mirroring the naming convention on the newly launched R2, the R1T and R1S will carry “Premium” and “Long Range” designations, while Rivian is also rebranding its Enduro motor units as “High-Efficiency Motors.”
The Tri Motor carries over its 850 hp and 1,103 lb-ft of torque unchanged, though the filings describe refined thermal management and optimized highway energy draw, pointing to software tuning aimed at efficiency rather than added output.
Rivian has not confirmed a launch date for the MY2027 R1S and R1T.
