Well, its been 6 months since I started my Peloton journey with my fantastic Sunny bike and I could not be happier. I cannot say enough good things about the Peloton app (that they now call Peloton Digital). I have lost weight, I am sleeping better than ever and I am much more energetic. The classes are interactive and communal but at the same time very intimate. Also, the instructors rock – they are very motivational and push you to your limit. I get a lot of email asking about how all the components of my “Peloton alternative” are holding up so I thought I would post a review about some of the items that I recommended in my original Peloton blog. Read on…
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.