Rivian Offers 2.99% APR for R1S Max SUVs

Rivian is offering a low 2.99% APR financing for the R1S Dual Max SUV. This is one of the largest incentives Rivian has offered for the vehicle, making it an interesting time to consider purchasing the R1S.

Financing Details

In order to get this low financing rate, you’ll need to check a few boxes:

• You must finance through Rivian Financial Services
• You must purchase an R1S Dual Max or R1S Performance Dual Max vehicle
• You must get approved which “may vary based on past credit performance, financing term, and amount financed”.

This incentive is not expected to last long, so if you’re considering purchasing an R1S, now is the time to act.

How Much Can You Save?

User @hoon_k on X (formerly Twitter) shared some interesting results when comparing the 2.99% APR to a more standard 5.99% APR:

According to their research, it looks like the difference between buying a large pack right now with the standard 5.99% APR financing is just about $5,000 less, which is significant savings consider the large pack is typically $7,000 more expensive before taxes.

Conclusion

If you were on the fence about a Rivian R1S, now might be the time to act. The 2.99% APR financing is a great deal and could save you thousands of dollars over the life of the loan. You’ll get a much larger battery for about half the cost the upgrade typically is due to the lower interest owed for the loan.