Read Time: 6-7 minutes
TL;DR: Yes, you can buy out your Rivian lease! If you love your R1T or R1S and want to keep it, a lease buyout is a great way to do it. Lease End can help you explore your options, secure the best loan rates, and handle the paperwork so you can keep your adventure-ready EV hassle-free.
You’ve been tearing up trails (or at least looking cool in a Whole Foods parking lot, it's okay, we get it) in your Rivian for a few years, and now your lease is coming to an end.
But do you have to turn in your beloved EV and hope another one is available? Not necessarily.
Lease End can help you navigate your options. Even if Rivian makes things a little tricky, we’ll do the heavy lifting to see if a buyout is possible and secure the best loan to make it happen.
Why Buy Out Your Rivian Lease?
Here’s why keeping your Rivian might be the move:
- EV Lease Buyouts Are on the Rise – In 2024, EVs accounted for 5% of total lease buyouts, doubling from 2.5% in 2023. With the demand for used EVs growing, securing your Rivian now might be smarter than trying to find another one later.
- SUVs & Trucks Dominate Lease Buyouts – 60% of all lease buyouts are SUVs/crossovers, and 12% are trucks. Guess what Rivian makes? Both! The numbers show that when people lease a Rivian, they usually want to keep it.
- Potentially Save Money – Buying out your lease means you avoid dealership markups and inflated monthly payments. Plus, if you snag a solid loan, your monthly payment could actually be lower than a new lease.
- No New Model FOMO – Unlike traditional automakers, Rivian releases over-the-air updates and rolling improvements rather than major generational overhauls. That means your Rivian can stay up to date without forcing you into a new lease.
- Your Rivian Has Battle Scars – If your R1T has survived off-road excursions, camping trips, or your kid’s soccer practices, you know it’s still reliable. Returning it means handing it over and getting charged additional fees for doing so.
How to Buy Out Your Rivian Lease with Lease End
- Check Your Lease Agreement – Look for the buyout clause or contact Rivian directly to confirm if your lease qualifies.
- Determine the Buyout Price – This is usually the residual value stated in your lease contract. If you have a hard time finding it, Lease End can help with that.
- Compare Market Value – Is your Rivian worth more than the buyout price? If so, you’re getting a great deal.
- Secure a Lease Buyout Loan – Instead of paying the full amount upfront, Lease End helps you find the best loan rates in minutes.
- Skip the DMV & Paperwork Hassle – We handle the boring stuff so you can keep driving stress-free.
The Lease Buyout vs. New Lease Decision
Still unsure? Let’s compare:
| Buy Out Your Rivian Lease | Start a New Lease |
Cost | Potentially lower monthly payments | Higher payments due to new pricing & interest rates |
Vehicle Availability | Keep your current Rivian | May need to wait for new inventory |
Ownership | You own it outright | Still renting with mileage limits |
Customization | Modify as you please | Restrictions on changes |
Mileage Worries | None | Excess mileage fees apply |
Final Thoughts: Should You Buy Out Your Rivian Lease?
If you love your Rivian and want to keep it long-term, a lease buyout is probably your best bet. With EV lease buyouts rising and Rivians holding their value well, locking in ownership now could be a smart financial move.
Lease End makes it easy, fast, and stress-free to finance your Rivian buyout with the best loan rates available. No dealership runaround. No unexpected fees.
Just you and your Rivian—forever.