Rivian Offers 1.99% APR Financing on 2026 R1 Models
Buyers of 2026 R1 vehicles can save with low-interest financing or a $1,500 lease bonus through November 2026.
Updated on Oct. 25, 2026 in Electric Vehicles
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Rivian is offering 1.99% APR financing for 60 months on 2026 R1 Dual and Tri models. Additionally, the automaker is providing a $1,500 lease bonus on select 2026 R1 vehicles to help clear inventory for upcoming R2 units.
Why it matters
The promotions are designed to move existing R1 stock to make space for the upcoming R2 vehicle lineup, presenting a potential cost-saving opportunity for buyers. This push comes as Rivian navigates a competitive electric truck market, balancing quarterly deliveries that reached 19,248 units in Q3 2026.
Eligible buyers can secure 1.99% APR financing for 60 months on 2026 R1 Dual and Tri models or a $1,500 lease bonus on other 2026 R1 trims excluding the Quad. Financing approval must be finalized by November 2, 2026, with vehicle delivery required by November 30, 2026.
The players
Rivian
An electric vehicle manufacturer known for its adventure-focused R1 platform and ongoing efforts to expand its production capacity.
GMC
A legacy automotive brand currently competing in the electric truck space with its Hummer EV model.
The details
To take advantage of the financing offer, buyers must secure credit approval by the November deadline and complete their vehicle delivery by the end of November. The lease bonus applies broadly across the 2026 R1 lineup but specifically excludes the high-performance Quad configuration. These incentives are part of a strategic shift as the company prepares to transition floor space and production capacity for the smaller, upcoming R2 vehicle platform.
Timeline
November 2, 2026: Deadline for financing approval on R1 and Hummer deals.
November 30, 2026: Deadline for delivery of Rivian R1 vehicles.
The Home Front
The current financing incentives emerge against a backdrop of significant historical depreciation for the R1T, which saw a 41.8% value drop over four years. By offering lower interest rates, the manufacturer is attempting to bridge the gap between new retail pricing and current market expectations.
If you are considering a new EV, verify your credit eligibility and ensure your chosen vehicle model qualifies for the financing or lease bonus before the November 2 deadline. Consult with a financial advisor to determine how a 60-month loan at 1.99% fits into your overall household budget.
The takeaway
These incentives provide a concrete window to potentially reduce your total loan cost through lower interest rates or immediate lease savings. Ensure you confirm the final model trim and financing terms with your local dealer well before the November 30 delivery deadline to avoid missing the window.
Further reading
For more on the current electric truck market, visit our Electric Vehicles section.
Source note: This article includes information reported by CarBuzz.
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