Are you considering getting your significant other a Peloton for Valentine’s Day? Before you buy, consider the backlash around Peloton’s Christmas commercial that went viral. The general theme of the outrage was to never, ever get your wife or husband exercise equipment but with the benefit of hindsight and a global pandemic, what a great gift idea it was!
If you are reading my blog, you are probably looking for a cheaper alternative to the Peloton. I get it – not everyone can afford to buy a Peloton bike and then pay its $39 monthly fee. I can’t. That is where the genius of their Peloton App comes into play. For only $12.99 per month, you can access all of the same live and on-demand classes on your own bike. Brilliant.
There are many other types of bikes out there that can be paired with the Peloton App. I tried a bunch before I bought my Sunny and here is what I found.
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.
Well, its been 6 months since I started my Peloton journey with my inexpensive Sunny bike and I could not be happier. I cannot say enough good things about the Peloton App.
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, although I like some better than others.
I get a lot of email asking about how all the components of my “Peloton App Setup” are holding up so I thought I would post a review about some of the items that I recommended in my original post “My Peloton Bike Alternative; A Great Money Saving Hack.”
Here is what has worked well and what you can skip:
I am pumped. Peloton just announced the “Peloton Tread” – which they describe as a ‘private fitness studio in your own home both on and off the treadmill.’ Sounds pretty sweet. I already love the Peloton App and I think it just got even better.