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Peloton App Review

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Peloton Cycle Financing; Is it Worth It?

Peloton recently announced that you could now finance the purchase of a new Peloton bike.  Is it a good deal? Here are my thoughts:

Buy Without Financing:  As detailed in my earlier  Peloton blog purchasing a Peloton bike without financing costs about $3,000 when you add in delivery, $468 subscription fees for the first year, $125 for clip-in shoes, exercise mat, etc.  Way outside of my budget

0% APR Financing:  While a 0% down APR sounds like a great detail, the devil is in the details.  In addition to the cost of the bike, shipping, shoes, etc. to qualify for the 0% financing you need to commit to a 39-month subscription totaling $1,521.   By my math the grand total over the 39-month period will be almost a $4,053 commitment when you add all the extras.

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