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Buy or Finance?

  • Buy

    Votes: 1 50.0%
  • Finance

    Votes: 1 50.0%

  • Total voters
    2
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120 Posts
Discussion Starter #1
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
 

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120 Posts
Discussion Starter #3
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.
 

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

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Discussion Starter #5
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!
 

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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.
 
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