Rivian seeks IPO that would Make it More Valuable than Ford or GM

[Henry Whalley]

To each his own. That front end is gruesome to me. And how much are they, 100 grand?

Agreed, it's dog ugly.

[canuck]

Agreed, it's dog ugly.

Speaking for myself here, but my dawg is purdy. That Rivian thing though,
as unprepossessing as it gets.


What bugs me is the vanity that pushes people to buy into 84 month payment for something that loses so much value in so little time. What a wasteful mentality when all points to the fact we should be downsizing, and reducing our consumption. Vanity is all it is and marketers know how to push the right buttons.

The other egregious fact is that a company that can’t deliver a product on day one of its operations can get so much backing with no track record from a product’s existence, let alone short lived reliability. We live in bullsh!t times.

[Richard]

Speaking for myself here, but my dawg is purdy. That Rivian thing though,
as unprepossessing as it gets.


What bugs me is the vanity that pushes people to buy into 84 month payment for something that loses so much value in so little time. What a wasteful mentality when all points to the fact we should be downsizing, and reducing our consumption. Vanity is all it is and marketers know how to push the right buttons.

The other egregious fact is that a company that can’t deliver a product on day one of its operations can get so much backing with no track record from a product’s existence, let alone short lived reliability. We live in bullsh!t times.

The F350 is now pushing $115k with up to 96 months financing.

But the biggest thing is the cost of repairs if you are going to keep it,my friend with a 2018 Serria just hit 101,000 even with extended warranty that ran out at 100,000 miles he now needs a transmission and lifter replacement or $6500 worth of work.

The average truck payment and insurance is over $1000 per month but they are saying the credit card and auto loan default is the highest it has been in 30 years.

But in the early years it was common to trade their new car in every three years to me that’s really the way to do it,if you want a new car just factor in the payment as a forever fixed cost like rent or mortgage and trade it in every 3 years.

That why I got out of the auto repair business,because at that time anybody could walk in and buy a new car for less than it cost to fix their old one.

As a rule most only look at what it cost down and how much per month,you could tell them it is a million in total costs and it would not matter.

But it is deceptive when it comes to trucks,the self employed purchase the majority even more so in Florida with HOAs and because they do not build fleet vehicles anymore as a business you do not have much of a choice but to buy a unnecessary fully appointed truck that is going to get scratched or dented as soon as an employee gets in it.

If they took that commercial use aspect out the market would be different.

Where I am at the maximum GVW you can park in residential is 6500 the Rivian comes in at 7000 so HOA or not you cannot even legally buy it and park it at your house and the tax office would consider it a commercial vehicle,for me it is $195 per year difference in registration costs between commercial and private use vehicles.

[Zacha341]

I think there must be strong 'new car' smell that captivates one to forget this translates to EIGHT years!

And I thought I kept a car a long time!

I do. But I own them out right.

The F350 is now pushing $115k with up to 96 months financing...

[Zacha341]

Yes, and eventually it gets REALLY old [and in more cases now impossible] to pay huge car notes of $950+ MONTHS on end!

That span of months not even touching principal for the first third of time-frame depending on financing.

You're interest top-heavy at the front-end when you finance this LONG!

I love driving, and car ownership. but no car could captivate my interest to pay like that. You don't live in your car or maybe you might have to at these rates!

Also as prices goes up so does service costs.

...What bugs me is the vanity that pushes people to buy into 84 month payment for something that loses so much value in so little time.