Just out of curiosity, I checked lease deals for Rivians in my area. They wanted $823 a month with $7k down for a base R1T. So a bit more expensive, but not dramatically so.

It gets worse when you look at the buyout option at end of lease. Something like $56k, so you pay $34k for just payment and downpayment and then if you want to keep it, another $56k, or around $91k in total. It is actually a horrible deal.

Swasticar.

Just for comparison, an F150 Lightning can be leased for $0 down $450/mo. And you won’t get flipped off or keyed everywhere you go!

If you think this is a good deal, you should see how little you can lease a real truck for!

I’d be willing to pay that for a Rivian... maybe

Why pay $750 a month to announce you’re a bit of a douche when everybody probably knows it already?

$.87 per mile. Not including fees, charging, etc. Just down payment + $750 monthly @ 10,000 miles.

Cybercucks

Wake me up when I can get one at $750 per month and $0 down ...

“Time for some traffic problems in Fort Lee”

LTV ratio of 121% and a guy who is putting down less than 10% has a pretty bad credit score, so he isn’t qualifying for 10% at 60 months.

I only made this comment becuase I have frequently dunked on Dave Ramsey in several articles. 

The length of the loan is forever, because the customer is going to do the same thing again long before it’s paid off.

At least 5 years, maybe as much as 7 depending on how much they fleeced him in the finance department.

The guy is trying to buy a ~$90k car while being $29k underwater and only has $7500 to put down. Assuming a 6.5% car tax (this is a guess) and a 10% interest rate (no way this guy is in single digits), you hit that $2500 with 60 months of payments.

The only judging he is doing is the monthly amount.  If you gave him a $2500/month payment for 30 years to get a Bentley you know what he would be rolling out of the dealership with.

Genesis owner probably should have listed to Dave Ramsey  :D

If you were in the business, you know just as well as I do that a 121% LTV higher than a giraffe’s ass, but they’ll absolutely get it done.