Lightning vs R1T - Timing and cost

[KevinC]

I wouldn't touch Rivian at the moment. Not their truck and not their stock. There are some credible lawsuits coming out of this from an executive who was fired several months back saying that Rivian knew they couldn't deliver at the prices they were advertising, but they kept them low to keep the order banks full for the IPO. The fuller the order banks the better the IPO would go. They may honor the reservation prices now but they're going to be building at a loss and they're also going to be getting sued left and right. Future orders are going to be the higher price but they wont get past the existing reservations for years. The reputation damage could set back their aspirations of selling at those higher prices. I would worry a little if they will survive long enough to service their warranties. Who knows... they may yet end up as the next Tesla, but it's much more of a gamble than it was a few months ago.

You have to give ford credit for being smart enough not to allow customers to place actual orders and instead just reservations which carried less implied pricing obligation.

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[FordLightningMan]

The $50k mark is what I'm using, hence why I said $5k more than what I would pay.

$39,974 - MSRP
$1,070 - Pro Power
$825 - Max Trailer Tow
$1,695 - Destination & Delivery
$43,564 - MSRP

$498 - Document Fee
$401 - State Title Fee
$7.50 - State Tire Tax
$298 - Window Etching

Total OTD: $44,768.50

And that's for a car in a state with no sales tax on EVs.

I just don't understand the plan people have to make a few thousand dollars after spending $60k-$90k. I know the saying, "you gotta spend money to make money," but the risk is too high. Maybe the Lightning has bad press on delivery because of vehicle issues, maybe another manufacturer drops a bombshell 450 mile range vehicle at a similar price around delivery, maybe a bill passes that says 2023 EV purchases get a $15k on the spot tax rebate... too many things could go wrong.

My XLT SR will be delivered to me at just under $64k. This is due to the upgrades I find almost mandatory (towing, pro power, tailgate step) and then all of my taxes and fees. I genuinely don't think there's much room there for a profit, especially after tax. Maybe a low/no sales tax state has a better chance to flip than here in NY, but it's still a risky way to make enough money to buy a new TV. ...and that's before the potential of getting audited and needing to pay back $7,500 + penalties for flipping.

 

[hellb0y]

The $50k mark is what I'm using, hence why I said $5k more than what I would pay.

$39,974 - MSRP
$1,070 - Pro Power
$825 - Max Trailer Tow
$1,695 - Destination & Delivery
$43,564 - MSRP

$498 - Document Fee
$401 - State Title Fee
$7.50 - State Tire Tax
$298 - Window Etching

Total OTD: $44,768.50

And that's for a car in a state with no sales tax on EVs.

I think you'd easily be able to flip it at $10k+ profit...Ford will have to increase prices for 2023 or they will deliver these trucks at a significant loss. Look at what Tesla did, they bumped up prices by about $10k - nickel prices have gone up significantly. I'd expect that Pro to start at $46k-$49k for 2023.

 

[Oneand0]

The $50k mark is what I'm using, hence why I said $5k more than what I would pay.

$39,974 - MSRP
$1,070 - Pro Power
$825 - Max Trailer Tow
$1,695 - Destination & Delivery
$43,564 - MSRP

$498 - Document Fee
$401 - State Title Fee
$7.50 - State Tire Tax
$298 - Window Etching

Total OTD: $44,768.50

And that's for a car in a state with no sales tax on EVs.

I’ve been through the Bronco routine and even though the two door base was the lowest you could get, they were selling for an easy 10k or more over, because 2dr hard tops are rare. That Pro you will have, will be extremely rare! You will be surprised what you can get for it, if you just wait a little bit.

 

[EaglesPDX]

I think you'd easily be able to flip it at $10k+ profit

Those of us with pre March 1 Rivian orders can flip for $20-$30k. With Ford likely running out of the EV tax credit by '24 when dealer tells me I'll see my first day reservation order will show up, I can likely buy and flip that for $5k, same premium we see now on Kia EV6's.

The dealers are reaping windfall profits on the EV's, might make them fans vs. disinterested.

 

[dirtdiver]

I dont see a $5-10K profit as worth the hassle to flip this truck. It would only make sense for me if I end up not liking it. Here in CA we pay ~10% tax+ registration which also eats into the profit. Im buying he truck to keep it. steve

 

[Roy2001]

I dont see a $5-10K profit as worth the hassle to flip this truck. It would only make sense for me if I end up not liking it. Here in CA we pay ~10% tax+ registration which also eats into the profit. Im buying he truck to keep it. steve

With recent price increase, $9000 for Lariat ER may worth.

 

[smax64]

I had rivian reserved since 2020 and lighting in early 21...

Rivian pissed me off when they started selling and delivering trucks to people that ordered way after original reservation holders (4/22 and later)... When I received a call from rivian 3 days after I got my LIGHTNING. I thought about flipping it, but at the end said give me my money back... Take back your picture and have a nice day.

Ford is a real truck and not a toy like the rivian, rivian does have more power and more niche stuff, but I needed a full size pick up and ability to have larger support for the brand. RJ seems to sell most of his vehicles to his own employees and "influencers".

That's my 2 cents.

 

[Roy2001]

... When I received a call from rivian 3 days after I got my LIGHTNING. I thought about flipping it, but at the end said give me my money back... Take back your picture and have a nice day.

Did Rivian called you to cancel your order?

 

[smax64]

Did Rivian called you to cancel your order?

No called me to say let's finalize your order... And to say that I can have my truck 6-8 weeks from the 7 Step process... What a joke ????

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