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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.

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 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.

Peloton App + Sunny

After a lot of debate between a Peloton and a Keiser M3i, please read on to see why I decided to buy the Keiser….

This post contains updates to my original “Peloton Alternative” post.

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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:

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