Yeah most of the replies here don't know what they're talking about. A gym membership at the YMCA here is $92/month and the spin class my girlfriend takes is about in line with the pilates price. The $50/month Peloton subscription with the purchase of bike hits breakeven after about a year or so
I pay $17/mo for my local gym, they have weights, machines, and cardio equipment. I paid around $900 for my actual bike.
Exercise bikes have been overpriced for a long while, and Peloton moved that price point to the moon when they first came out. Around $2k depending on how early and what model you bought one. That's more than a riding lawn mower. You're trying to tell me that the material costs and complexity and warranty work on a Peloton costs more than a riding lawn mower? Come on.
I didn't say anything about the costs of the materials or anything like that regarding the Peloton and I surely didn't say anything about lawnmowers. $17/month is a steal but that is an outlier and likely doesn't have the same benefits to a person buying the Peloton would be looking for. Does your gym have on demand programs or live classes you can join and compete with friends and others? Probably not.
Pelotons now are about $1500 and the membership is $50 a month. After a calendar year, that's $2100 total spent. At the spin studio here (in a relatively LCOL area), the classes are $22 each with their best deal being unlimited rides at $195/month for a six month contract. Two of those contracts is $2,340 in a calendar year. After the first year, it's more cost effective to have a Peloton and the membership
Value is in the eye of the consumer for sure. It's true that all of this likely overpriced but that's the market
That's a great deal for sure and the only value it seems the Peloton would give you would be that you're able to do it from home vs having to go to the gym. That is quite a premium to pay for that luxury
