Almost reserved a Rivian

[LaBalbe]

I saw the article below this morning where they raised the prices again. This time on the Pro, XLT and XLT High $4k, $4k and $500. Pretty soon Right now these will be so expensive that many won't be able to afford them. With the Base model at $56K and the Platinum at just under $97K now I know I won't be looking to buy one anytime soon.

https://fordauthority.com/2022/12/2023-ford-f-150-lightning-prices-increased-again/

2023 Ford F-150 Lightning Price – December 15	2023 Ford F-150 Lightning Price – October 5	+ / – October 5 Price
Pro	$55,974	$51,974	+$4000
XLT	$63,474	$59,474	+$4000
XLT High	$68,974	$68,474	+$500
XLT High Extended Range	$80,974	$80,974	$0
Lariat	$74,474	$74,474	$0
Lariat Extended Range	$85,974	$85,974	$0
Platinum	$96,874	$96,874	$0

Just out of curiosity, how do those prices compare to a regular F-150? (Yes, I could look it up, but duty calls, and it's quicker to ask the hive than to research it myself).

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[AzScorpion]

Just out of curiosity, how do those prices compare to a regular F-150? (Yes, I could look it up, but duty calls, and it's quicker to ask the hive than to research it myself).

I'll do the work for you. ?

Here's the Cliff Notes version. ?

2023 Ford F-150 · MSRP

$34,585 - $84,910

 

[Grumpaw]

Damn....97 grand and it still won't tow my travel trailer over around 100 miles without re-charging.....

 

[rydfree]

I saw the article below this morning where they raised the prices again. This time on the Pro, XLT and XLT High $4k, $4k and $500. Pretty soon Right now these will be so expensive that many won't be able to afford them. With the Base model at $56K and the Platinum at just under $97K now I know I won't be looking to buy one anytime soon.

https://fordauthority.com/2022/12/2023-ford-f-150-lightning-prices-increased-again/

2023 Ford F-150 Lightning Price – December 15	2023 Ford F-150 Lightning Price – October 5	+ / – October 5 Price
Pro	$55,974	$51,974	+$4000
XLT	$63,474	$59,474	+$4000
XLT High	$68,974	$68,474	+$500
XLT High Extended Range	$80,974	$80,974	$0
Lariat	$74,474	$74,474	$0
Lariat Extended Range	$85,974	$85,974	$0
Platinum	$96,874	$96,874	$0

Yep , that was the final straw yesterday and I cancelled. 56k for a base model with rubber flooring & vinyl seats , LOL .

 

[GitRDone]

I'll do the work for you. ?

Here's the Cliff Notes version. ?

2023 Ford F-150 · MSRP

$34,585 - $84,910

Wow, a 50k option spread on a single model, and it's not a home, plane or yacht.

 

[AzScorpion]

Wow, a 50k option spread on a single model, and it's not a home, plane or yacht.

Yeah it's scary seeing these prices climb so high. Ya want to know what's even scarier? I didn't pay that much more for my house. I bought it on a short sale during the downturn we had when the housing market crashed in 2011. Most back then overpaid (kind of like the past couple years now) and were underwater so I got a 5 year old house for $100K. So looking at the loaded Lighting Platinum I shake my head knowing my house has appreciated 4x's that amount where that Lightning will only be a depreciating asset.

 

[Ronbo]

Guy down here just got his $100k Rivian and now his HOA tells him he can’t park it in driveway due to HOA rules.

Rivian owner told by HOA to hide truck.

 

[LaBalbe]

Guy down here just got his $100k Rivian and now his HOA tells him he can’t park it in driveway due to HOA rules.

Rivian owner told by HOA to hide truck.

I love the douchebag response from the HOA president: "If the gentleman would have read the documents when he bought the house..." He bought the house 27 years ago, Jerry! He probably wasn't even considering a truck back in 1995, so would have glossed over that passage anyway! I'm really glad that HOA's don't seem to be much of a thing up here; at least, I've never come across one nor heard any tales of them outside of the US....and all of the tales I hear are rather nightmarish...are they seriously as bad as the internet makes them out to be?

 

[AzScorpion]

I love the douchebag response from the HOA president: "If the gentleman would have read the documents when he bought the house..." He bought the house 27 years ago, Jerry! He probably wasn't even considering a truck back in 1995, so would have glossed over that passage anyway! I'm really glad that HOA's don't seem to be much of a thing up here; at least, I've never come across one nor heard any tales of them outside of the US....and all of the tales I hear are rather nightmarish...

are they seriously as bad as the internet makes them out to be?

They are! I've never lived in one until I moved out there and they're terrible!! I know some have had good luck with theirs but most are not run well and are run by people who have nothing better to do then nit pick everything to death. I could go on for hours but if you can avoid them I'd highly advise it.

 

[GitRDone]

We own rental properties in several HOAs and I have served on a few of the boards. Yes the rumors are true, on both sides of the fence. And that's why I do not live in an HOA neighborhood.

 

[Cmar]

Kind of sad to see this, the Rivian had a lot of good practical ideas, and unlike some others, ugly or not, at least it looks like a real truck, not something out of a Halo game.

 

[AzScorpion]

It's not looking to good for Rivian stock, down 80% this year and still falling.

https://www.fool.com/investing/2022...hoo-host&utm_medium=feed&utm_campaign=article

you can't give Rivian the same type of price-to-earnings multiple as Ford or GM, because it isn't profitable, and likely won't be any time soon. In fact, the company posted a net loss of $5 billion during the first three quarters of 2022.

For argument's sake, let's say that we still wanted to value Rivian like a high-margin software company with significant recurring revenue. During the bull market, I tended to operate under the premise that you can buy a fast-growing software company for between 10 and 15 times sales. But Rivian still looks expensive even from this perspective, trading at 19 times sales. For comparison, top software stocks like the aforementioned Adobe and ServiceNow trade at 9 and 11 times sales, respectively. Plus, they are profitable, boast superior margins, and feature stellar net dollar retention.

If we compare Rivian to the price-to-sales multiple of other automakers, Ford and GM both trade at about 0.3 times sales, implying that Rivian could theoretically fall 95% from its current level to be valued like these peers. I'm not saying that it will fall 95%, but instead illustrating the incredible gulf in valuations between Rivian and its peers. Even Tesla, another stock that proponents say should be valued like a tech company, trades at about 5.5 times sales, a nearly 75% discount to Rivian.

Even if we were to put all of this aside and say that you should ignore the financials because Rivian makes a superior product to every other vehicle out there, this argument unfortunately doesn't seem to hold water at the moment either.

Car and Driver magazine recently compared the Rivian R1S Launch Edition to the 2023 BMW iX M60, and while it did praise some aspects of the R1S, it said that "while the BMW has some hints of torque steer, the Rivian's wheel feels like it just snagged a wahoo, which is also a possible verbal response to the fight required to keep the R1S pointed straight." Car and Driver also points out that the Rivian tops out at 111 miles per hour, and called out a "a plethora of ride and handling sins," ultimately calling it "the one to be seen in, but not the one to drive."

 

[JHRODD]

Rivian did an impressive job in the Long Way UP documentary , considering the difficult conditions for the two prototypes. https://www.longwayup.com/rivian

 

[Chris M]

Today I saw my first Rivian Amazon Prime delivery truck.
That thing is huge.
And smooth running.
I don't know if it is gonna be any good or not, but the lady driving it says she loves it....so far.
Idiot me forgot to take a picture, but if it comes back I'll try to remember to.

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