Can you (comfortably) afford a Rivian R1S SUV
Family-friendly utility meets electric innovation in the Rivian R1S, an SUV designed for those who seek adventure without environmental compromise. This versatile vehicle offers three-row seating, impressive range, and genuine off-road capability, all powered by a sophisticated electric drivetrain. Before committing to this significant investment, understanding how the purchase price affects your monthly budget based on income and loan terms is crucial. Our straightforward calculator helps you navigate this important financial decision, ensuring R1S ownership enhances your lifestyle without creating financial strain.
You'd need a 4-year income of at least…
$172,763.03/yr or $14,396.92/mo
to comfortably afford a Rivian R1S given a 20% down payment, financing $60,720.00 at a 6.49% rate.
Your costs after 4 years:
| Financing | $69,105.21 |
| Down payment | $15,180.00 |
| Total costs | $84,285.21 |
| Yearly | $17,276.30 |
| Monthly | $1,439.69 |
| One-time | $15,180.00 |
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