Rivian Deals Analysis June 2026
This month overall represents a pullback on the R1 lease incentives but an improvement in the financing rates. Additionally, as the R2 pricing is debuted, the Dual Standard rates are worsened.
Incentives:
Inventory Lease Credit: $3,000 towards a lease of an R1 Dual Large with Performance, Dual Max with Performance, or Tri inventory vehicles.
Inventory Price Reduction:
$1,000 towards a lease/purchase of an R1 Dual Large, Dual Large with Performance, Dual Max, Dual Max with Performance, or Tri.
$5,000 towards a lease/purchase of an R1 Quad.
Promotional APR financing:
0.99%/1.49%/2.99% APR financing for 60/72/84 months on the DLP and DMP.
1.99%/2.49%/3.99% APR financing for 60/72/84 months on the DS, DL, DM and Tri.
5.79%/5.59%/6.69% APR financing for 60/72/84 months on the R2 Performance.
Takeaways:
Compared to last month, Rivian's lease rates worsened across nearly all trims, with the exception of the DLP, which remained stable. The DLP is now the best lease value, at 1.37% MSRP/mo for the R1S and 1.42% MSRP/mo for the R1T, both starting at roughly ~$1,250/mo, which themselves are uncompetitive rates. The DLP holding stable is due to the $3,000 inventory lease credit, offsetting the increases in money factor. Outside of the DLP, lease value and money factors have essentially worsened across the board. For example, last month, an R1S/T DS could be leased for ~$900/mo; this month it's around ~$1,100/mo. Both DS models saw their money factors approximately triple and the DS was removed from the inventory lease credit. It is overall an unattractive month to lease an R1.
However, the promotional APR rates have improved considerably, especially for the DLP and DMP. Last month, Rivian was offering 1.99%/2.49% APR on 60/72 month loans for the DLP, DMP, and Tri. Now, the DLP and DMP offer fairly competitive 0.99%/1.49%/2.99% APR financing. It's worth noting that they have previously offered better promotional APR financing.
The R2 leases poorly due to its sky high money factor of 0.00353 (APR 8.47%). This is in spite of its rather competitive residual value of 64%. This is overall unsurprising as it is a highly anticipated vehicle at launch with demand overcoming supply. At this time, if you’re invited to order, the best value is in financing the R2 with the best financing you can find yourself, e.g. via a local credit union, which likely can beat Rivian’s 5.59% on a 72-month loan.
However, leasing an R2 may make sense if you are certain you will sell the R2 after 3 years and don’t put any money down. In that case, financing may win by a small enough margin that the peace of mind in leasing may be more valuable.
Recommendations:
This month, the best value lies in financing an inventory DLP or DMP for both R1 models. This is due to worsening lease rates but improved promotional loan rates. If you are set on getting a new R1 this month, that would be the move.
It is not a good month to lease an R1. If you are dead-set on leasing, an inventory DLP remains the best value for both the R1S or R1T.
If you are ordering an R2, finance with the best APR you can find yourself. Unless you are certain you will sell in 3 years and don’t plan on putting any money down - in that case, financing still wins, but by a small enough margin that the peace of mind of leasing may be more valuable. Take a look at our lease vs loan calculator to simulate the math yourself.