EV maker Rivian has sharply reduced lease prices for its flagship R1T electric pickup and R1S SUV in the United States as the company prepares to launch updated 2026 model year versions later this summer.
The website of the Irvine-based carmaker started showing on Monday lease payments starting at $566 per month for the R1T Dual Standard — the cheapest truck configuration listed.
For the SUV R1S, leasing prices start at $586 per month, as initially reported by the X user Hilbe.
Both estimates reflect 36-month lease terms with 30,000-mile total allowances and assume local pickup.
Until last week, Rivian was advertising lease rates of $779 per month for the R1T and $809 per month for the R1S on similarly configured vehicles.
The offers were based on examples with a destination fee of $1,800 and around $8,700 due at signing, including a $7,000 capitalized cost reduction.
The prices were reduced by $213 for the R1T and by $223 for the R1S model.
Although specs of the revamped vehicles are yet unknown, the brand founded and led by RJ Scaringe will switch to the NACS charging port after having announced in 2023 it would join Tesla’s supercharger network across the U.S. and Canada.
Rivian said earlier this month that its revamped 2026 R1S will start at $76,990 for the Dual-Motor Standard configuration, while the updated 2026 R1T pickup will begin at $70,990 — representing price increases of up to $1,090.
The top-end Tri-Motor versions will reach $106,990 for the SUV and $100,990 for the truck. Pricing for the forthcoming Quad-Motor variants has not yet been announced.
The destination charge for 2026 models will rise to $1,895 per vehicle.
In the first three months of the year, Rivian produced 14,611 vehicles and delivered 8,640 units.
The company said in early May it expects to deliver between 40,000 and 46,000 vehicles in 2025, lowering its previous guidance of 46,000 to 51,000 units.
As of the time of writing, Rivian shares are trading 0.5% lower at $13.50 during Monday’s pre-market trading session. Year to date, the stock has gained about 2%.
