2024 Rivian R1T: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Rivian R1T costs $92,042 to own over 5 years, or $1,534/month. The biggest expenses are depreciation ($47,450) and insurance ($24,060).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$92,042
$1,534/month • $1/mile
Cost Breakdown
Depreciation$47,450 (52%)
Insurance$24,060 (26%)
Fuel/Energy$4,572 (5%)
Maintenance$3,240 (4%)
Financing$12,360 (13%)
Registration$360 (0%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $20,440 | $4,812 | $914 | $648 | $26,814 |
| Year 2 | $6,753 | $4,812 | $914 | $648 | $13,127 |
| Year 3 | $6,753 | $4,812 | $914 | $648 | $13,127 |
| Year 4 | $6,753 | $4,812 | $914 | $648 | $13,127 |
| Year 5 | $6,753 | $4,812 | $914 | $648 | $13,127 |
Key Facts
1-Year Depreciation
28% ($20,440)
5-Year Depreciation
65% ($47,450)
Annual Repair Cost
$1,248
Annual Maintenance
$648
These are estimates based on state averages. Your exact rate depends on your specific profile.
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