Rivian published its August incentive slate for the R1T pickup and R1S SUV, reversing the lease increases it introduced at the start of July while splitting its financing ladder — cutting the Tri to 0.99% APR and lifting select Dual configurations to 3.99%.
The offers went live on the company’s website in the first days of the month, following Rivian‘s usual monthly cadence, and run until September 1, with delivery required by the end of the third quarter.
The update lands days after the Irvine, California-based EV maker reported second-quarter results that beat Wall Street estimates, and as the 2027 model-year reveal for the flagship line nears.
Lease Prices Return to June Levels
Every lease increase from July has been unwound.
The 2026 R1S Dual with Large battery returns to $1,139 a month on a 36-month term, down from $1,189 in the July slate that raised prices across the line.
The R1S Tri falls back to $1,599 from $1,689, and the Quad to $2,029 from $2,099. All three figures match the June grid exactly.
The full August R1S ladder runs $1,139 for the Dual with Large battery, $1,159 with the Performance Upgrade, $1,309 for the Dual Max, $1,329 for the Dual Max Performance, $1,599 for the Tri and $2,029 for the Quad.
On the R1T, the ladder runs $1,129 for the Dual with Large battery, $1,149 with the Performance Upgrade, $1,299 for the Dual Max, $1,319 for the Dual Max Performance, $1,559 for the Tri and $1,979 for the Quad.
Amounts due at signing include a $7,000 capitalized cost reduction with a $500 deposit, the first monthly payment and an $895 acquisition fee, with no security deposit. Worked examples on the offer pages include an $1,895 destination fee.
The round trip closes a four-week arc.
Rivian raised rates and lease payments on July 1, a day before publishing second-quarter delivery figures, then reversed course in the final week of the month with a 0.99% Tri rate and a $1,000 discount on any new R1 ordered through July 31.
Financing Ladder Splits
The August financing structure moves the two volume ends of the R1 range in opposite directions.
The 0.99% APR offer on new 2026 R1 Tri vehicles carries into August on a 60-month term, extending the rate the company introduced in its end-of-July push.
The 3.99% tier covers the Dual with Standard battery and the Dual with Performance Upgrade on Large or Max batteries, per the offer terms — a full percentage point above the 2.99% Dual builds carried through July, and four points above the zero-rate offers that opened the year and expanded across the line in February.
Non-Performance Dual Large, Dual Max and Quad builds carry no promotional 60-month rate at all.
Their lowest advertised financing runs 5.99% APR over 72 months — leaving the flagship Quad, which opened the year with its first-ever 0% offer, at the most expensive money in the lineup.
Financing is arranged through Rivian with JPMorgan Chase Bank as the approved lender, at 60 monthly payments of $18.44 per $1,000 financed on the 3.99% tier.
A worked example on the offer page prices a 2026 R1T Dual Large Performance in LA Silver at $86,885 including destination, with $86,385 financed producing a monthly payment of $1,593.16 after a $500 deposit.
The 3.99% terms also confirm the Dual with Standard battery remains available to buy through R1 Shop — the trim has lost its advertised lease, not its place in the purchase lineup.
The divergence points to where Rivian wants buyers to land. The 850-horsepower Tri, listed at $116,190 in R1S form in July’s inventory batch, gets the cheapest money in the lineup, while the volume Dual is steered toward leasing, where the company controls residuals and keeps the vehicle in its ecosystem.
A $3,000 lease bonus applies when leasing a new 2026 R1 Tri or Dual with Performance Upgrade and Large battery, holding the contribution Rivian has run on select trims since spring.
A separate accessory offer discounts the Forest Edge Package by up to $7,000, per the company’s website.
No Entry Lease for a Second Month
The August grid confirms the disappearance of Rivian’s entry point.
The R1 Dual Standard lease, which anchored the company’s advertised pricing at $749 a month as recently as March, was removed from offers in late June and has not returned.
The cheapest advertised R1S lease now runs $1,139 — 52.1% above the March entry figure as the company created a wider gap between the R2 and the cheapest R1S.
Rivian has said that once the Dual Standard is phased out, starting prices rise to $83,990 for the R1S and $79,990 for the R1T, a $7,000 increase on both.
The R2 has taken over the entry role.
The 2026 R2 Performance with Launch Package, priced at $57,990, carries an advertised lease of $829 a month with $5,724 due at signing — formalizing the figure that appeared in the configurator when the model’s first lease quotes drew criticism in June.
R2 Premium Timeline
Which R2 configurations reach buyers this year remains in motion after two contradictory statements from the company inside 24 hours.
Founder and chief executive RJ Scaringe told analysts on Thursday’s earnings call that the model would remain available only in its most expensive configuration until next year, saying Rivian will “be introducing the Premium and our Standard trims, as we look at early 2027.”
The chief executive signaled the same timeline three times during the call, having minutes earlier described introducing the mid-spec and base trims in the early part of 2027 — a retreat from the “late 2026” schedule attached to the $53,990 Dual-Motor Premium since the model’s March launch.
The remarks helped erase a post-earnings share gain on Friday, since the slip concentrates this year’s targeted 20,000 to 25,000 R2 deliveries almost entirely in the $57,990 Performance Launch Edition.
Contacted by EV, Rivian stepped back, saying the R2 Premium deliveries remain due before the end of 2026 — contradicting the timeline its founder had cited three times on the call.
The reversal matters directly to the offer structure.
Sell-Down Continues Ahead of 2027 Reveal
The August offers extend a clearance pattern that built through July.
Rivian cut prices across its R1 inventory in the second half of the month, with reductions of $500 on Dual R1S builds, $2,000 across R1T pickups and $5,000 on the flagship Quad and long-range Dual.
The company launched the 2026 model year on July 8 last year.
The anniversary has passed without a 2027 announcement, and the discounting playbook matches the last generational handover, when Rivian cleared 2023 and 2024 stock with discounts of up to $6,000 ahead of the second-generation launch in mid-2024.
Certification paperwork suggests the reveal is imminent.
Rivian has submitted the full 2027 R1 lineup to the US Environmental Protection Agency, with the filings surfacing last week via Rivian Forums — typically one of the final regulatory steps before a new model year enters production.
The documents point to continuity in hardware and a break in naming. Battery packs adopt the R2’s trim language, with the 105.5-kWh Large Pack becoming Premium and the 140-kWh Max Pack becoming Premium Long Range on relevant configurations.
The Tri Motor carries over its 850 horsepower and 1,103 pound-feet of torque on the Max Pack, with the filings citing refined thermal management logic and optimized highway energy draw rather than added output.
The Quad retains 1,025 horsepower and 1,198 pound-feet with unchanged gear ratios, and the 140-kWh pack remains its exclusive battery.
The certification lists the 2027 trucks under Interim Tier 4 Bin 0 as medium-duty passenger vehicles, and confirms the Dual Standard’s departure from the lineup — the change that lifts entry prices by $7,000 across both models.
The sell-down runs against a weakening demand picture for the flagship line. Combined R1S and R1T deliveries fell 6.3% year over year in the second quarter on Cox Automotive figures, with the R1T down 30.4% and the R1S roughly flat, extending a 15.1% full-year R1 decline in 2025.
Rivian delivered 10,365 vehicles globally in the first quarter, a 20.0% increase driven by commercial vans rather than the consumer line, and reaffirmed full-year guidance of 65,000 to 67,000 vehicles that leans on a targeted 20,000 to 25,000 R2 deliveries.
The company reported a narrower-than-expected adjusted loss for the second quarter last week, with revenue of $1.66 billion, up 27% from a year earlier, and said early R2 demand is running ahead of internal plans.
Every 2026 incentive figure sits in a market without the $7,500 federal clean vehicle credit, which expired on September 30, 2025 — leaving Rivian to fund its promotional structure entirely from its own balance sheet.
The company had cut financing to 0.99% as early as April as R2 production neared, and has rotated between lease contributions and promotional rates each month since.
