Rivian Makes it Right! - Preorders Will Keep Their Original Prices at RMI

Rivian Makes it Right! - Preorders Will Keep Their Original Prices at RMI
Rivian Hits Reverse on Price Hikes for Existing Reservation Holders - CNET

A preorder is when a customer places an order for a product before it is available in stores. In the case of Rivian, customers place an order and pay a $1,000 refundable deposit to reserve their vehicle with their desired configuration.

Rivian recently announced pricing increases that would affect all future deliveries, including preorders. However, after receiving feedback from customers, they decided to reinstate preorders at their original prices. This means that those who have already placed orders will not be affected by the price increase. This decision has been met with positive reactions from customers as it allows them to maintain the same value for their vehicles upon delivery. It also ensures that customers can take advantage of any potential discounts or incentives that may become available in the future. Furthermore, this decision gives customers peace of mind knowing that they are getting the best deal possible on their purchase.

Rivian's decision to honor preorders at their original prices is a great example of customer service. It shows that the company values its customers and wants to ensure they are getting the best value for their money. This also demonstrates Rivian's commitment to transparency, as it allows customers to make informed decisions about their purchase without worrying about unexpected price increases down the line.

The decision has been praised by many in the industry as well, with some noting that this move sets Rivian apart from other automakers who may not be so willing to honor preorder pricing agreements. Additionally, it serves as an example of how companies can respond quickly and effectively when faced with customer feedback or criticism.

Overall, RJ made it right! Preorders will keep their original prices despite recent announcements of increased costs across all future deliveries from Rivian Motors Incorporated (RMI). Customers have responded positively towards this news since they now know that they won't be affected by any potential price hikes in the near future while still being able take advantage of discounts or incentives if available later on down the road. Furthermore, this move showcases RMI’s dedication towards providing excellent customer service and maintaining transparency throughout every step of purchasing process - something which should always be appreciated no matter what product you're buying!

What is a preorder?

A preorder is when someone puts down a $1000 deposit and establishes a configuration for a Rivian vehicle.

Who is reinstating their orders?

Everyone who had a preorder for a Rivian vehicle will have their order reinstated.

What is the benefit of having a preorder?

When taking delivery, you already have at least 15-20% equity in the car.

Why did Rivian announce pricing increases?

The costs of components and materials that go into building Rivian vehicles have risen considerably since 2018. This includes semiconductors, sheet metal, and seats. As such, Rivian needed to update pricing to reflect these cost increases.

How do I know if my order has been reinstated?

You should receive an email from Rivian confirming your order has been reinstated.

Is there any risk in placing a preorder?

While nothing is ever truly locked in until you have a purchase agreement that is signed and you have the key fob in hand, it is unlikely that Rivian would go back on their word after all of this.

What are the risks associated with investing $85K in a Rivian vehicle?

There are always risks associated with investing large sums of money in any product or service. With Rivian specifically, there is the risk of poor decision making within the company, communication issues, and not knowing what service will look like for your location. Additionally, there may be luxury taxes and EV incentives to consider depending on where you live.

What happens if I cancel my preorder?

If you cancel your preorder, you will not receive your deposit back but you will no longer be obligated to purchase the vehicle.

What happens if I don't cancel my preorder?

If you don't cancel your preorder, your order will be reinstated and you will be locked into the original configuration and price that you established when placing your deposit.