Leased a Gen2 Quad R1S Launch Edition in Aug 2025, and immediately bought out the lease. The lease had the $7500 EV rebate but was at a 9% APR. I was able to buy out the lease and use a CU at 3.99%, but did pay CA sales tax.
The Tri R1S was leased in Dec 2025 for no money down (I had Rivian credits to cover minimum DAS).
I am realizing that we do not need two 3 row SUVs, and I want to drop one of them for something sportier.
I can get out of the Tri R1S lease for nothing (other than the monthly payments we have made so far). For the Quad, I would have about $5k in negative equity, but have also paid full taxes, PPF'd the car etc.
At first, dumping the Tri seemed to make the most sense. However, the Gen2 R1S and any EV for that matter has massive depreciation the first few years, and I'd be able to eliminate some of that by getting out of it now.
My wife drives the Tri, and the Quad was mine. But I want a 2 door sports car that I can daily. The lease deal on the Tri was really good. When I did the math originally on the Quad, the cost of ownership on leasing vs leasing then buying out lease was the same assuming we'd sell after 3 years (the high lease APR offsets the CA sales taxes).