Weigh Your Options: Canceling Rivian Reservations vs. Downsides of Increased Prices

Weigh Your Options: Canceling Rivian Reservations vs. Downsides of Increased Prices
Rivian: The Slim 2022 Production Miss Was A Surprise (NASDAQ:RIVN) | Seeking Alpha

Rivian has been making waves in the EV industry for some time now. They have made a name for themselves by offering vehicles with top-of-the-line features and performance at a reasonable price. However, recently they have come under fire for increasing the prices of their vehicles without warning or explanation. This has caused many people to consider canceling their reservations, as they are not sure if they will get what they paid for.

The debate over whether or not to cancel a reservation is an interesting one. On one hand, there is the fear that the increased cost may be too much to bear, especially considering that other manufacturers may offer better options in the near future. On the other hand, it could be argued that waiting until delivery gives Rivian more time to work out any kinks from initial production and possibly add new features to the vehicles.

At the end of the day, it comes down to personal preference. Some people may decide that waiting is worth it and choose to keep their reservation on order until then. Others may feel that the increased cost is too high and opt to cancel their reservation and look elsewhere. Ultimately, only you can decide which option is best for you based on your own financial situation and needs.

It's also important to remember that Rivian has gone through Alpha and Beta stages and is actually delivering final production version/quality vehicles to paying customers (employees and non-employees). This means that even though there may be issues with certain aspects of their vehicles, such as tonneau covers, these issues should be resolved before deliveries begin in earnest. Additionally, Rivian has promised numerous OTA updates in the coming months, so those who wait may benefit from improved features when their vehicle arrives.

In conclusion, anyone considering canceling their Rivian reservation must weigh all of their options carefully before making a decision. There are both pros and cons to each choice, so it's important to take into account all factors before deciding what's best for you.

Is anyone canceling their reservation due to the extended lead times?

Some people may be considering it, but many are still keeping their reservations in case they don't find anything better from another manufacturer.

What can I do while waiting for my Rivian vehicle?

You can challenge yourself to save money and have enough saved up by the time your vehicle is delivered.

Are other EVs being delivered sooner than Rivian?

It's too soon to tell, but Rivian has gone through Alpha and Beta stages and is delivering final production vehicles to customers, which is more than can be said of some other manufacturers.

Will there be any improvements or updates to the vehicles during the wait?

Yes, Rivian will likely solve the tonneau cover issue over the next 12 months, as well as add features like satellite radio.

Is there a price increase for white paint on Rivian vehicles?

Yes, there is an additional $1700 charge for white paint. This also increases personal property cost and insurance premiums by 20% per year.

What should I do if I'm unhappy with the price increase?

You can cancel your reservation and ask MIT for their money back. It's also important to get decent bean counters who can provide accurate forecasting and communication.

Is there a way to get the price increase waived?

Unfortunately, Rivian is not offering any discounts or waivers on the white paint charge. However, you can contact customer service and ask if they have any special offers or promotions that could help reduce the cost.

Are there any other options for reducing the cost of my vehicle?

Yes, you can look into leasing or financing options that may be available. You can also consider trading in your current vehicle for a lower price. Additionally, you can look into aftermarket parts and accessories that may help reduce the overall cost of your vehicle.