[ftrider]

Peloton has some great financing terms but I know there's a big debate on if you should buy or finance. Which is it for you?

With no money down and 0% APR financing, buying the Peloton Bike is now easier than ever.*

$0
NO MONEY DOWN

$
123/mo
FOR 24 MONTHS

0
APR FINANCING
PELOTON MEMBERSHIP SEPARATE

 

[Sam]

I hate financing but use it as an easy way to keep active and positive credit usage.

 

[ftrider]

I hate financing but use it as an easy way to keep active and positive credit usage.

$123 a month isn't even that much to take on anyways given the demographic that will be buying these. Its probably why Peloton didn't go with a longer term for a lesser monthly payment. Great way to get more of us involved.

 

[Sam]

I believe it might have more to do with Peloton's IPO. Investors like to see sooner cash infusion... I think.

 

[ftrider]

Regardless of an IPO I think any way to get more consumers buying is always a win. I just hope people don't take on financing one of these if its beyond whats reasonable for their credit status. Bonus if you can pay it off earlier!

 

[Stefon]

I agree with other folks that I hate financing anything so I just bought my bike. If I couldn't have afforded it at the time I would have waited. That said, If getting a bike allows someone to reduce costs of gym membership, spin classes, etc. I think it could make a lot of sense to finance. Plus, if it actually makes you healthier it's hard to put a price tag on that. I definitely wouldn't recommend financing though for someone who really can't afford it.