Peloton bikes have revolutionized the at-home fitness experience, offering immersive workouts and a connected community. But before you jump on the bandwagon, you’re probably wondering: How Much Is A Peloton Bicycle? This guide breaks down the costs associated with owning a Peloton, helping you make an informed decision.
The Base Price of a Peloton Bike
The most straightforward cost is the upfront price of the bike itself. Peloton offers several models, each with a different price point:
- Peloton Bike: The original Peloton bike typically starts around $1,445.
- Peloton Bike+: Offering enhanced features like a rotating screen and auto-resistance, the Bike+ is generally priced higher, around $2,495.
- Refurbished Peloton Bike: A more budget-friendly option, a refurbished Peloton Bike may cost around $1,145.
- Refurbished Peloton Bike+: The refurbished Peloton Bike+ might be available for around $1,995.
Financing Options
Peloton understands that the initial investment can be significant. They partner with companies like Affirm to offer financing options, allowing you to pay for your bike in monthly installments.
- For example, you might be able to get the Peloton Bike for as low as $120.42/mo over 12 months at 0% APR, based on the $1,445 price.
- Similarly, the Peloton Bike+ could be financed for around $207.92/mo over 12 months at 0% APR, based on a price of $2,495.
Keep in mind that your rate could be 0% APR or 4.99% APR based on eligibility, and a down payment might be required. It’s crucial to check the terms and conditions provided by Affirm and their lending partners.
The All-Access Membership
Owning a Peloton bike isn’t just about the hardware; it’s about the immersive workout experience powered by the Peloton All-Access Membership. This membership is required to access Peloton’s vast library of live and on-demand classes.
- The Peloton All-Access Membership costs $44/month.
- This gives you access to cycling classes, as well as other fitness disciplines like strength training, yoga, and meditation.
Additional Costs: Accessories and Delivery
Beyond the bike and membership, there are a few other costs to consider:
- Accessories: To fully enjoy your Peloton experience, you’ll likely want to invest in accessories like cycling shoes, heart rate monitor, and weights. These can add a few hundred dollars to your initial investment.
- Delivery: Delivery fees may apply, especially if you live outside the continental U.S. Be sure to factor in these costs when budgeting for your Peloton.
HSA/FSA Eligibility
Did you know that you might be able to use your Health Savings Account (HSA) or Flexible Spending Account (FSA) funds to pay for your Peloton?
- Peloton has partnered with Truemed to allow eligible customers to use their HSA/FSA funds.
- To determine eligibility, select “Pay with HSA/FSA funds” at checkout.
- Keep in mind that qualification is determined by Truemed and reimbursement eligibility is determined by your HSA/FSA plan administrator and is not guaranteed.
30-Day Home Trial
Peloton offers a 30-day home trial for first-time purchasers of their Bike, Bike+, Tread, Guide, or Row.
- If you’re not satisfied, you can return the equipment within 30 days of delivery for a full refund.
- However, interest paid to Peloton’s third-party financing partners may not be refunded. This trial is only eligible in the 48 contiguous states.
Is a Peloton Worth the Investment?
The answer to “how much is a Peloton bicycle” goes beyond just the price tag. It involves considering the membership costs, accessories, and potential financing options. Weighing these costs against the benefits of at-home convenience, engaging workouts, and a supportive community will help you determine if a Peloton is the right fit for your fitness goals and budget.
