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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. Check out these articles – the general theme (in addition to the concern about the general welfare of the Peloton recipient), was that you should never, ever get your husband, wife, etc. a piece of exercise equipment for Christmas.  Look, I wouldn’t mind but I think I am in the minority here.

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:

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 $58 for the bike.  This does not include the Peloton classes.  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 commitment when you add all the extras.

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