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 App blog purchasing a Peloton bike without financing costs about $3,000 when you add in delivery, $468 class subscription fees for the first year ($39 per month), $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. For qualified buyers, Peloton allows you to make 39 monthly payments of $64 for the Peloton Bike+ or $49 for the Peloton Bike (the original). In addition to the cost of the bike, shoes, etc. to qualify for the 0% financing you need to commit to a 39-month class subscription of $39/mo. totaling $1,521. By my math the grand total over the 39-month period will be almost a $4,053 – $4,455 commitment when you add all the extras.
This 8-week hybrid workout will help you mix up your workout and get your body in bathing suit shape.
Because I would never want to abandon my Peloton APP rides completely, I’ve created a Peloton, Insanity MAX 30, and LIIFT 4 hybrid workout calendar. This hybrid workout is not for the faint of heart but it’s a great action-packed workout in under one hour.
UPDATE: It is a doozy!
I have some exciting news! Equinox recently announced that starting this Fall, they will launch a digital fitness platform. This digital fitness platform will include classes and content from its family of brands, including SoulCycle and Precision Run! The new platform will integrate live and on-demand content (pre-pandemic, the content was going to be from over 300 locations but I imagine that they have streamlined that a bit).
[Big update below]
The SoulCycle App
Hey everybody! I hope that everyone is staying safe, healthy and sane.
I decided to bring a little fun into my home gym and bought a really fun disco ball for my Peloton rides. It is SO MUCH FUN! I turn down the lights, crank up the music and turn on the disco ball – the pattern of the lights change to the beat of the music coming from the Peloton App. It comes with a small remote that I keep with my bike.
I have added some pictures and videos.
I am not so sure about this new Covid-19 “sports mask” that I bought for my outdoor Peloton runs/walks and family bike rides. Its a bit too Hannibal Lecter for my tastes…
Peloton recently announced that the Peloton App is now available on Apple TV and Roku TV. This is in addition to Amazon Fire TV and Android TV which I think is now all the major streaming platforms. Apple and Roku users can now view Peloton App users can now access classes directly from their TVs, all you need to do is add the Peloton channel.
I did it! 500 rides with my trusty Sunny Bike and the Peloton App (with the help of a global pandemic…). There were no shoutouts from the Peloton instructors, no balloons or fanfare but just a GIANT sense of accomplishment! I am SO happy to have hit this milestone. I am in the best shape of my life and have found a new community of friends along the way.
Now that I have hit the 500 ride milestone I have decided to upgrade my bike. My Sunny still works great but I have decided to buy something a bit fancier now that I have proven to myself that I am in this for the long haul. Believe me, the Sunny was well worth my initial investment – per my math, it came out to about $0.75 per ride! Not too shabby. Using your own bike with the Peloton App has a lot of advantages, price being one of them.
After a lot of debate between a Peloton and a Keiser M3i, please read on to see why I decided to buy the Keiser….
These are some incredibly stressful times. I hope that you and your families are safe, healthy, and staying sane.
This post contains updates to my original “Peloton Alternative” post.
The Peloton Bike! I saw the commercials and was hooked. Over 10,000 on-demand group spinning classes right in the comfort of my own home? You mean I never have to find someone to watch my kids, get in a car and drive to the gym? A dream come true – sign me up! (Plus, I am assuming that it must come with a housekeeper because everyone’s homes seem so neat and tidy.)
Then I saw the price tag…almost $3,000 right off the bat when you add delivery, special shoes, etc. plus a $468 yearly subscription ($39 per month). Yikes! I wish I could afford it – I really do but I already have a graveyard of exercise gadgetry and workout DVDs in my house. I didn’t want to splurge on a Peloton bike only for it to gather dust in the corner like my old treadmill.
So many questions ran through my head: