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Peloton Financing

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Peloton Bike vs. Keiser M3i using the Peloton App; The Ultimate List of Pros & Cons

Hi Gang,

Its been almost two years since I started using the Peloton App with my Sunny Bike and my Wahoo cadence and speed sensors.  What an amazing experience.  I am in the best shape of my life and more importantly I have proven to myself that I have a passion for spinning – I am so happy with the variety of Peloton class options, have exercised my butt off and the bike didn’t turn into a clothes hanger.

Now its time for me to consider an upgrade.  Why?  For no reason in particular.  My Sunny still works great.  I just want to move to more of a commercial grade bike.  I have stashed away $100 per month for the past two years and I am deciding between a Keiser M3i and of course, the Peloton.

After doing a LOT of research comparing and contrasting the two spin bikes – thought I would share what I found.

Peloton; Live from London!

I just streamed my first Peloton class today from their new London studio with UK based instructor Leanne Hainsby!  She is super energetic, I love the accent and she is serious competition to knock  Emma Lovewell, my current favorite Peloton instructor, out of the No. 1 spot.  She also left me drenched in sweat.  I look forward to taking many more classes with Leanne.  This is all virtual, of course, I did not hop on a plane to Peloton’s London studio, although that would be nice.  🙂

My 12 Month Peloton App Review; Using the App without the Bike

It’s been just over 12 months since I started using the Peloton App with my own bike and I thought it was time to share an update to my original review.

I am happy to report that with the Peloton App and my wonderful Sunny bike I have now lost 22 pounds, am fitter than I have been in years and am in a much better mood (according to my family)!  The variety of Peloton spin classes is awesome, the instructors are great and all the other options the Peloton app has added over the past year like weight training, bootcamp and ab workouts are simply amazing.  I even think the production value is great compared to some classes I have tried on YouTube.  Overall, super psyched.  They are seriously on to something here.

If you are a first time visitor, my comprehensive review and step-by-step guide to my Peloton App alternative can be found in my  original “Peloton for Less” blog post.   It chronicles how I pined for a Peloton bike but after seeing the price tag how I MacGyvered (yes, that is a word) an alternative with my Sunny 1509, some Wahoo sensors,  and  other bits & bobs that make my method not only an absolute money saver but also turns me into a sweaty mess.  This post is a scaled down summary of what has worked, what hasn’t and how everything is holding up after 12 months (and also includes my interview with ABC News!).

Have a I used the Peloton App every day for 12 months straight?  Heck no!  Life gets in the way (like sick children, boredom, work or deciding to stay in bed instead of working out – but hey, I am only human, right?).  There have even been stretches where I simply haven’t worked out for no reason in particular.  When there has been a lull in my routine I am happy that I am only spending $13 on the app (now $19.49 for new riders) and didn’t take the plunge and go all in with the expense of the actual bike and the $40 monthly subscription.  I can’t imagine the guilt!

My Year in Review – Using the Peloton App without the Peloton Bike

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 App 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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