Rivian Depreciation Is Brutal! (Used R1T)

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  • Опубликовано: 15 дек 2024

Комментарии • 152

  • @dominicwilkerson
    @dominicwilkerson 4 месяца назад +54

    Main reason why I haven't got rid of my R1T yet... bought for 91k... now worth 54k a year later. It's fine... everything is fine.

    • @jermainec2462
      @jermainec2462 4 месяца назад +1

      😂😂

    • @marcelrodriguez2067
      @marcelrodriguez2067 4 месяца назад

      Lmao well you was an idiot for buying any car new so hold that L 😂

    • @Japplesnap
      @Japplesnap 3 месяца назад +2

      Wow....that's crazy depreciation.

    • @NBWDOUGHBOY
      @NBWDOUGHBOY 3 месяца назад +2

      Don't worry. It's gonna be a relic soon. Rivian is going out of business soon. Their Stock price is Dead.

    • @Japplesnap
      @Japplesnap 3 месяца назад +4

      @@NBWDOUGHBOY That's exactly why I'm buying stock. VW just partnered with Rivian. The stock will eventually soar.

  • @Tech_Geek247
    @Tech_Geek247 4 месяца назад +28

    This is the only EV I've considered purchasing. Love the idea of a truck with sports car performance! 60K is getting interesting but if these start to move into that 50K or less range it very likely could be my next purchase. Reliability, service, and company longevity is my main concern at the moment with it.

    • @khiangnong1349
      @khiangnong1349 2 месяца назад +2

      Same here. My neighbor has one and he let me test drive it. Man, it's pretty quality built and very quiet on the road and freeway. Plus it's freaking fast and smooth.

    • @BillySAw951
      @BillySAw951 2 месяца назад

      Considering this or a new ford f250

  • @TheMulderProject
    @TheMulderProject 4 месяца назад +84

    9:00 "Less than $60k"

    • @fuskeiro79
      @fuskeiro79 4 месяца назад +1

      Thank you. Terrible video.

    • @xDIPLOMAT718
      @xDIPLOMAT718 4 месяца назад +12

      9 minutes to just say that. Unreal

    • @SnowbirdSteeze
      @SnowbirdSteeze 4 месяца назад +4

      Yeah, exactly. It’s why I stop subscribing to the guy

  • @tinglouie
    @tinglouie 4 месяца назад +26

    $59.9 asking but they were only $75-80k new…Rivian raised prices later on. That was not a $100k truck to the original purchaser
    Not terrible for 3 years

  • @BryceLovesTech
    @BryceLovesTech 4 месяца назад +2

    As an owner of a 2013 Tesla Model S. I’m really excited about picking one up in a few years for hopefully less than 40K. Remember for every depreciation situation there’s always a opportunity for somebody.

  • @Toglander
    @Toglander 4 месяца назад +5

    Rivian has got their manufacturing on point. Their build quality is far higher than Tesla.

  • @voxtek
    @voxtek 4 месяца назад +12

    I've had mine for 5 months, so far the absolute best vehicle ive ever owned. If you like the Rivian i say get it, and keep it for a long time, dont worry about resale value. Get the truck because you like it, and you will.

    • @privettoli
      @privettoli 4 месяца назад

      What vehicles did you own though?

    • @voxtek
      @voxtek 4 месяца назад +3

      @@privettoli 5 mustangs, 1 camaro ( better then all the mustangs) Wrx, 370z, Tesla, Audi S3, 2 dodge dakotas and an s10

    • @DanDan-tt6gv
      @DanDan-tt6gv 2 месяца назад

      No wonder. I can say the same about my vehicles.

  • @mdruben
    @mdruben 4 месяца назад +13

    Not as brutal as Land Rover's depreciation.

  • @WanderingWatts
    @WanderingWatts 4 месяца назад +2

    Thanks Ben! I really enjoy your videos! Especially how you drive all of the trims out there and your comparison videos. Super helpful to people looking for a new vehicle. Also you are one of the few RUclipsrs who almost always shows the payload sticker.
    I have a R1T with about 40k miles on it. (Quad motor) I was one of those lucky people who got the old pricing, so I don’t worry too much about the depreciation. Truck has been really reliable to me-mostly driven on road with a few offroad excursions doing fire roads (green and blue). It’s a ton of fun and I really love it and have no plans to sell it anytime soon. I think I’ll just keep piling miles on it and see what happens. I’m fortunate to have a handful of vehicles so, if the Rivian starts becoming unreliable it’s no big deal.

  • @twdogtrading
    @twdogtrading 3 месяца назад +2

    How about insurance rates with the high cost of replacement parts? Just a thought.

  • @shawnmirza325
    @shawnmirza325 26 дней назад +1

    Would love for Rivian to make an electic sedan hatchback with AWD like an electric version of a subara legacy or outback!!

  • @stephenlee9553
    @stephenlee9553 2 месяца назад +1

    I hope the next generation revamped the suspension system because the suspension system on my 2023 R1S failed the very first day I got it. While proudly showing the car to my friends, a sudden puff of air erupted, and we watched in disbelief as the front of the vehicle dropped so low that the frame nearly touched the front wheels. Rivian towed the car, and it was repaired within a few days.
    However, a year and 21,000 miles later, the same issue happened again-this time while driving on the freeway. I had to pull over and fortunately live near a service center in Costa Mesa. The car was towed again, but with this problem recurring within a year, I strongly suspect a significant flaw in the suspension system. I’m relieved this didn’t occur during a mountain ski trip or a desert adventure, as Rivian markets the vehicle for. Now, I hesitate to drive the R1S far from home due to fear of another breakdown.
    The vehicle has been sitting at the service center for days without being examined. Despite multiple calls, I’ve only been told that the shop is backed up and they’ll get to it when they can. VERY DISAPPOINTED! Rivian needs to expand its network of service centers to better address the flood of issues reported by its customers.

  • @mnorma12
    @mnorma12 4 месяца назад +1

    The anomaly was the crazy “sell it for more than you bought it for” days of 2022 . Depreciation on cars is normal. I’ll keep my R1T until I get the R3X and maybe even keep both.

  • @jimsteinway695
    @jimsteinway695 4 месяца назад +2

    Going to see my son in the lower eastern sierras. There’s 1 Rivian in every 20 cars going up to Mammoth ski area. I kept thinking millions of dollars lost

  • @CarGeek360
    @CarGeek360 3 месяца назад +1

    Rivians have been holding their value the best of all EVs if anything, I will most likely tell my uncle to get one next year if they become cheaper

  • @RAM-KINGOFTRUCKS
    @RAM-KINGOFTRUCKS 4 месяца назад +24

    Ex owner is in a tent now😂

    • @trumpisastump9382
      @trumpisastump9382 4 месяца назад +7

      Doesn't seem like the depreciation is any worse than an Infiniti QX80 or Nissan Armada.

    • @wiilli7685
      @wiilli7685 4 месяца назад

      😂

    • @4ft3rburn3r
      @4ft3rburn3r 4 месяца назад

      @@trumpisastump9382 EVs will depreciate much faster. The Infiniti QX80 doesn't have a battery that costs 40-50k to replace.

    • @mattryan9444
      @mattryan9444 4 месяца назад +1

      No Rivian battery costs 40 to 50k you dunk. Its 18k and by the time you need a new battery that Infiniti would have fallen apart and been through 3 transmissions costing you way more then 18k

    • @VvVT734
      @VvVT734 2 месяца назад

      @@mattryan94443 full transmission rebuilds are probably around the same price as a new battery honestly

  • @lumberjeff0
    @lumberjeff0 4 месяца назад +1

    The storage tunnel is cool. Camping chairs, pack & play, toolboxes. Lots of uses in there and easier access than the middle of the truck bed.

  • @naazimmaredia796
    @naazimmaredia796 4 месяца назад +3

    I got rid of my 2023 Launch edition R1S 8 months later after putting 21,500 miles on it. Got 72k for it at trade-in in March.

    • @wemadeitpodcast
      @wemadeitpodcast 4 месяца назад +2

      Why did you get rid of it if you don't mind

    • @KG-ck9hb
      @KG-ck9hb 3 месяца назад

      I would also like to know why you got rid of it

  • @JS-nf1sn
    @JS-nf1sn 2 месяца назад +3

    Cars typically have terrible depreciation. The only time they didn't was during Covid. When I buy a new car I plan on it being basically worthless when I'm done with it, and that's worked out fine with my Subaru after 180K and now my Ram truck currently at 145K and rolling. All these people that save money by not buying anything new, where is their pile of money that they saved?

  • @highrzr
    @highrzr 4 месяца назад +18

    With Rivian it's not the warranty but how much longer will the company be in existence.

    • @lumberjeff0
      @lumberjeff0 4 месяца назад +12

      VW just put $5 billion into Rivian. They'll be around for a bit.

    • @Blue-moon12
      @Blue-moon12 4 месяца назад +2

      ​@@lumberjeff0That doesn't mean anything.

    • @xtremecoast
      @xtremecoast 4 месяца назад +3

      The company will replace Ford eventually or get bought by em.

    • @brokenwrench404
      @brokenwrench404 4 месяца назад +7

      @@xtremecoastlol. Rivian isn’t replacing ford. Ford is massive

    • @voxtek
      @voxtek 4 месяца назад +6

      They are backed by Amazon, and now a partnership with VW, I dont see them going anywhere, they are doing too many things right. If anything they will be bought out by VW or another company.

  • @ZombieCorp999
    @ZombieCorp999 2 месяца назад

    The "clampshell" issue with the battery is solved in the second gen. R1T. It has singular battery compartments for easy replacement.

  • @chiragpatel4253
    @chiragpatel4253 Месяц назад

    I remember when Hyundai and Kia, we’re not the most reliable at on point. They’ve gotten much better over the last 2 decades.. Rivian is pretty new it will get there. Plus lots of companies out there that will buy the company out of bankruptcy. I say give it 5-10 years. Prices will be fair, and hopefully vehicle quality won’t drop too much.

  • @hezekiaB
    @hezekiaB 4 месяца назад

    What I’m noticing is that the base model, two motor vehicles sell used for almost the same price as the top-end 4-motor ones that may have been $25k more new. But the two-motor models seem to hold their value very well

  • @TheRangerBob
    @TheRangerBob 4 месяца назад +1

    Compared to ICE pickups of the same as new price range, how do depreciation figures compare?

    • @BenHardyCars
      @BenHardyCars  4 месяца назад +2

      R1Ts went up to 125-130k at one point and now down to 50-60k. A 100k diesel truck will still sell for 80-90k.

    • @ne6nk
      @ne6nk 4 месяца назад

      That R1T was 75-80 new ​@@BenHardyCars

  • @sean2044
    @sean2044 4 месяца назад +1

    Just bought a '22 launch edition for 53k. It's beautiful and a great value used.

    • @grantgormann678
      @grantgormann678 2 месяца назад

      How many miles on it?

    • @sean2044
      @sean2044 2 месяца назад

      @grantgormann678 it had 52,000 miles on it. High mileage for the age, but it was babied.

    • @barackblows1942
      @barackblows1942 Месяц назад

      @@sean2044 You’ll be replacing the battery soon. 🔥🔥🔥🔥🔥🔥

    • @sean2044
      @sean2044 Месяц назад

      @barackblows1942 Not likely, but keep believing that nonsense. Also, my battery is warrantied to 170,000 miles.🤡

    • @barackblows1942
      @barackblows1942 Месяц назад

      @@sean2044 Good luck with your flaming death trap. 🔥🔥🔥🔥😂😂😂😂😂

  • @theothoughts
    @theothoughts 4 месяца назад

    Hey, I drove that yesterday! I tried to use the window washer and discovered that the wipers are very broken.

  • @danlowe8684
    @danlowe8684 4 месяца назад +2

    So, you could buy two F-150s for the purchase price of the Rivian and could buy a 3rd F-150 with the depreciation amount of the Rivian.

    • @WattWerxPEV
      @WattWerxPEV 24 дня назад

      You're living in the early 90s. A base model 2 door f150 WORK truck is around 50k plus ttl.

    • @danlowe8684
      @danlowe8684 23 дня назад

      @@WattWerxPEV OK, let's take the huge amount of Rivian depreciation out of the equation. The Rivian costs 2X the Ford, and the Ford is a real truck. Now, add in the depreciation.

  • @jamiea8318
    @jamiea8318 Месяц назад +1

    tl:dw: you bought a new car and the expected happened

  • @davidthomas9267
    @davidthomas9267 4 месяца назад +7

    good luck getting it repaired!!

  • @thomashoffman5745
    @thomashoffman5745 4 месяца назад +5

    Nobody should take points from Landrover. They make some of the worst garbage on the market.

  • @aaammm1033
    @aaammm1033 4 месяца назад +3

    15-20k deprecation in 3 years is not bad. I want to get the suv version.

  • @wiilli7685
    @wiilli7685 4 месяца назад +1

    So sum it up. They’re expensive in every possible known aspects. Owners are slowly seeing and feeling the effects.

  • @mattnorton8503
    @mattnorton8503 4 месяца назад

    I love the gear tunnel, I wish every truck had one

  • @dougscott188
    @dougscott188 3 месяца назад

    If I could get one for 25k I might would do it. I think this vehicle could be a collectors item one day.

  • @mountainadventures7346
    @mountainadventures7346 4 месяца назад +1

    Don’t knock it! I am waiting for them to get down to my price range!!!👍

    • @RedWingsninetyone
      @RedWingsninetyone 4 месяца назад +1

      The R1T is the EV I've been most excited about, even with the ugly front end.

    • @mountainadventures7346
      @mountainadventures7346 4 месяца назад +1

      @@RedWingsninetyone An 835 HP Toyota Tacoma! What’s not to love? And yah I could do without those pill capsule front lights. Oh well.

  • @Mynameisgus94
    @Mynameisgus94 4 месяца назад +2

    60k is no way inexpensive. Next year it will be in low 40k if not in $30k.

  • @matthaze7906
    @matthaze7906 4 месяца назад

    Hoping get a 2026 R2 in 2029 when a lease is up. Wishing to get a bigger battery, dual motor with the changing glass and AWD package for around 40-45k as specing one new will easily be over 50k and not a wise choice for me.

    • @beck1710
      @beck1710 2 месяца назад

      Rivian won’t be around. Don’t get your hopes up.

  • @BryceLovesTech
    @BryceLovesTech 4 месяца назад

    Fisker Ocean has entered the chat 😂

  • @DanDan-tt6gv
    @DanDan-tt6gv 2 месяца назад

    I just saw a Rs1 with quad motor and with only 9k miles for $77k at our local dealer.

    • @DanDan-tt6gv
      @DanDan-tt6gv 2 месяца назад

      Forgot, it’s a 2024, so technically new.

  • @marcelrodriguez2067
    @marcelrodriguez2067 4 месяца назад +1

    Buying any car brand new makes you an idiot or you have more money then common sense.

    • @Japplesnap
      @Japplesnap 3 месяца назад

      I'm guessing a lot of idiots have to buy vehicles new so that other idiots can buy them used.😂

  • @RBoas
    @RBoas 4 месяца назад +6

    It would have a more miles, but it spent too much time on a charger to rack up more miles than that.

  • @aymanlockhartable
    @aymanlockhartable 4 месяца назад +2

    I will wait until 40k.

    • @xtremecoast
      @xtremecoast 4 месяца назад

      @@aymanlockhartable the battery will be useless at 40k

    • @vitaliyleonov8958
      @vitaliyleonov8958 4 месяца назад +1

      @@xtremecoast battery has a waaranty 8 years/120k miles

  • @DirtyBeemer1
    @DirtyBeemer1 4 месяца назад +1

    Gen 2 came out. Gen 1's are worth crap

  • @r5LgxTbQ
    @r5LgxTbQ 4 месяца назад

    hoping to pick one up once the refresh is out for r1t. should go even lower

  • @ryanreeves70
    @ryanreeves70 25 дней назад

    No heat pump

  • @Cavemol5823
    @Cavemol5823 4 месяца назад +1

    EVs have worst trade in value are should not be bought but leased

  • @17MGTP
    @17MGTP 4 месяца назад

    Sorry wife and kids I BOUGHT A RIVIAN AND WE HAVE TO LIVE IN IT.....I'TS COZY!!!!

  • @konic40
    @konic40 4 месяца назад

    man he hates digging around trunks

  • @johnfranktullo3463
    @johnfranktullo3463 4 месяца назад

    For an 85k truck it better have heated rear seats

  • @Xasukis
    @Xasukis 4 месяца назад +2

    my 2023 R1T was 100k 10 months later with 10,780 miles they gave me 55k for my trade in.

    • @Anthony-jo7up
      @Anthony-jo7up 4 месяца назад +2

      Why did you trade in?

    • @Xasukis
      @Xasukis 4 месяца назад +2

      @@Anthony-jo7up pretty normal for me to get a new car every year I get bored, great truck I had no issues with it.

    • @Anthony-jo7up
      @Anthony-jo7up 4 месяца назад

      @@Xasukis Thanks.

    • @jlv3x
      @jlv3x 4 месяца назад +1

      Their leases are for two and three years, so keeping it less than a year is probably part of that depreciation.

    • @briangasser973
      @briangasser973 4 месяца назад

      @@Xasukis Why didnt you do a short term lease?

  • @vitaliyleonov8958
    @vitaliyleonov8958 4 месяца назад

    1:40 It's H/T tires, which mean "Highway Terrain", but not an All Terrain

  • @RealElectech
    @RealElectech 4 месяца назад +1

    Most people bought this exact spec with preorder voucher for around $75K. The depreciation is pretty normal.

  • @jorgecirino1976
    @jorgecirino1976 3 месяца назад

    Raptor or Ram or Tacoma or GMC , Shelby 150 or Silverado no comparison rivan 👎🏼

  • @KenMcCune-wb3jp
    @KenMcCune-wb3jp 4 месяца назад

    Cool truck for rivian eclectic

  • @ricklp1861
    @ricklp1861 4 месяца назад +7

    Insurance must be brutal as well

    • @BEsterle
      @BEsterle 4 месяца назад +3

      My R1T was cheaper than my 2021 Tahoe

  • @TCDShow
    @TCDShow Месяц назад

    Rather have a Rivian over a POS Land Rover

  • @Theronpeterson
    @Theronpeterson 4 месяца назад +1

    Clickbait title. There are 1000 other review videos out there.

  • @aurorajones8481
    @aurorajones8481 4 месяца назад +1

    7:35 I go out of my way to disapprove of the Cyber trucks. On my DUC ill stand up and fart on it in traffic or ill put my hand out in the car and thumbs down the driver. I hate them. Its the only automotive thing ill go out of my way to tell the owner it SUCKS! Could you imagine buying a new car, and being proud of it only to find yourself having such a negative public perception? Id dump it like radioactive waste.

    • @andyackerman7123
      @andyackerman7123 4 месяца назад

      Must be tough, living life so negative. Sorry that someone else owning an electric vehicle, hurts you so much.
      Does everything trigger you? Do you need a safe space, snowflake?

    • @yayinternets
      @yayinternets 4 месяца назад

      Sounds like a lot of pouting and hurt feelings. I'm not CT person either, but living in your feelings like that.. yikes.

  • @mateom6596
    @mateom6596 3 месяца назад

    2025 fully loaded is under 80k

  • @dfwvtxman
    @dfwvtxman 4 месяца назад

    Should buy it for your wife to drive, Ben.

  • @unclejamesx9808
    @unclejamesx9808 3 месяца назад +1

    Rivian prices are ridiculous. They can’t sell.

  • @jamesedwards2487
    @jamesedwards2487 4 месяца назад +3

    an EV is similar to a cell phone - who wants a phone/tech that is 4 years old? Between the insurance and the difficulty in getting service, I can't see buying one.

    • @aurorajones8481
      @aurorajones8481 4 месяца назад

      Its all going to collapse. I was a first gen EV adopter w/ the crap ass leaf. I akin it to a "phase" I sat in a Mustang GT manual and said to myself "IM OUT" I've been back to ICE ever sense and frankly the entire BEV market can kiss my ass.

    • @yayinternets
      @yayinternets 4 месяца назад +6

      @@aurorajones8481A Nissan Leaf? They are absolute garbage. That's like driving a Mitsubishi Mirage then deciding you hate anything that uses gas.

    • @Jukeboxchigg
      @Jukeboxchigg 4 месяца назад +3

      Nowadays a 4 year old iPhone isn’t that bad. Hell even an s20 works good for most phone needs

  • @im4udevco
    @im4udevco 4 месяца назад +1

    With the exception of the pandemic, show me any vehicle that doesn’t depreciate with time? We got our R1S under the original pricing and plan on keeping it for a very long time.

  • @mcjogom
    @mcjogom 4 месяца назад

    🎉👍👍👍🎉

  • @Michael-rx6ji
    @Michael-rx6ji 4 месяца назад

    Land Rover is garbage or pig with lipstick. One of the most unreliable overpriced brands. They are nice and luxurious so you can have a comfy place to wait for the tow truck. 😅

  • @Bradimus1
    @Bradimus1 4 месяца назад

    Good! I'd love one. 😂

  • @NBWDOUGHBOY
    @NBWDOUGHBOY 3 месяца назад

    Here after Rivian Stock died. It's only a matter of time before they go out of business.

  • @CaseyGpdx
    @CaseyGpdx 4 месяца назад

    I sat in a rivian at a car show the back seat felt tighter than a Corolla

  • @danmike2305
    @danmike2305 3 месяца назад

    Why buy rivian buy a corvette.

  • @lostsidewalk
    @lostsidewalk 4 месяца назад +1

    The Dyson headlights are a deal-breaker always have been...

  • @BryceLovesTech
    @BryceLovesTech 4 месяца назад +3

    As an owner of a 2013 Tesla Model S. I’m really excited about picking one up in a few years for hopefully less than 40K. Remember for every depreciation situation there’s always a opportunity for somebody.