What kind of person buys a $2500 Peloton bike ?

tycobb wrote:

A friend spent significantly more than that for her Boston Marathon trip that was just a long weekend.

I am sure this is an underestimate:

$500+ for flight

$2000+ 4 nights downtown hotel

$1000+ entry, souvenirs, food

It isn't that much money if it encourage them to exercise.

Exactly. 2500 ain't much to some people who are used to over paying and spending on expensive items. People buy overpriced and expensive cars everyday, they buy houses where they burn 5 figures on a realtor/crook plus spend tens or hundreds of thousands extra to get a house they like. For some people 2500 down the drain is an afterthought while for people living paycheck to paycheck, it's a fortune.

My cousin has one

She lives on the coast in Florida in a 3 million dollar home and has 3 young kids.

$2500 is like a big family dinner bil for her

Flagpole wrote:

For many people, money is just not a thing. For some, they will buy the more expensive item just because it is more expensive.

In the antiques world for example, they say that if an item isn't selling, increase the price.

Initially the peloton sold for $1200 and sales were sluggish because people thought they must be cheaply made. They raised the price to $2000 and sales took off.

I got the lesser model for $2000 and use it all the time. Its a good substitute for an easy run. It's great for a quick workout before work when your pressed for time. If you don't buy $5 coffees or $10 beers then the cost isn't that big of a deal. Its not a lot compared to nice road bikes either. Like any other sports equipment Its not really expensive if you use it. A peloton or treadmill that just sits there is a waste of money. I'm getting my money's worth.

Primo Numero Uno wrote:

Simple the kind of person who makes good but not great money and saves none of it is the type of person that buys a peloton. A totally frivolous expenditure that demonstrates perfectly the debt crisis America is facing and why everyone has spent that last 6 months screaming for Uncle Sam to bail them out.

Up through the mid 80's Americans had consistently saved 8-9% of their income annually. That has dropped to about 2-3% last I saw, probably a year or two old, surely worse in 2020. That number is being carried by a small portion of the country that is the savers so it's probably even worse than it looks like. But America has an irresponsible debt and consumption culture with no foresight for the future. So every downturn or surprise event will become a crisis.

I feel like this first line is spot on. My 30 year old cousin and her boyfriend have a Paloten and they fit this description spot on. I'm not sure what his background is, but she grew up spoiled with fairly wealthy parents. She is a physical therapist so makes fairly good, but not great money. Her boyfriend likes to act rich and live that lifestyle, but does a mediocre paying job that doesnt require a degree or any specialized training. They also are members of Orange Theory which is like a boutique fitness place. I'm not sure how much they use the bike, but I'm sure it fit the "rich" lifestyle they try to portray but dont truly live. They both like working out, but are not competitive athletes or serious fitness people.

The bike will outlast a dozen pairs of the best running shoes, and, unlike the shoes, it will still have a resale value at that point.

Our home has one and it has turned out to be a great purchase.

I'm a decent runner, I've qualified for Boston several times and am a local AG placer on an good day.

My wife uses it for yoga and meditation along with cycling while I cycle {Power zone training}

She had a terrible cycling accident outdoors and the Peloton has been great as she won't ride outdoors anymore.

I'm averaging 550 miles a month.

It's great for a run warm up by doing 20 minutes on the bike then out the door for a run.

My former cycling buddies give me crap but it works for me.

Perch wrote:

Flagpole wrote:

For many people, money is just not a thing. For some, they will buy the more expensive item just because it is more expensive.

In the antiques world for example, they say that if an item isn't selling, increase the price.

Initially the peloton sold for $1200 and sales were sluggish because people thought they must be cheaply made. They raised the price to $2000 and sales took off.

https://finance.yahoo.com/news/peloton-ceo-says-sales-increased-raised-prices-2245-exercise-bike-132256225.html?fr=sycsrp_catchall

Ah. Interesting. Like I said, that's what they do in the antiques world. The human psyche is a mysterious and complicated thing.

I know tools who buy $3000+ road bikes. But then I guess that's not really any worse than $200+ trainers.

For me, a good elliptical is more helpful.

DanM wrote:

On days I do not run, my Schwinn AirDyne is the perfect bike for a great workout.

What is the fitness benefit of a rotating hi-def screen ?

https://markets.businessinsider.com/news/stocks/5-of-the-coolest-features-of-pelotons-new-premium-bike-2020-9-1029571177#

Idiots. You can buy a decent spinning bike for less than $200 and a really nice smart tv for another $200. All delivered to your house within 2 days. Pelat.on users are just suckers with money they could use better by donating to charity

For some people with a bit of extra money, getting a Peloton is the equivalent of a typical non interesting/average person getting the covid vaccine--something to brag about and feel a sense of validation. As a side note, broke people gossiping about people spending money to buy a Peloton also reeks of insecurity.

DanM wrote:

On days I do not run, my Schwinn AirDyne is the perfect bike for a great workout.

What is the fitness benefit of a rotating hi-def screen ?

https://markets.businessinsider.com/news/stocks/5-of-the-coolest-features-of-pelotons-new-premium-bike-2020-9-1029571177#

Both my sons bought the previous, somewhat less expensive, model. For people in their 30s with busy careers, spouses with busy careers, and two young children each, it is the best way they can ensure getting some exercise in the rare moments when time is available. It is a good machine and at least one member of each couple likes the classes. They don't have to travel to and from a gym, and they don't have to pay for a gym. For couples in those circumstances, it pencils out as a good deal.

Oh Please wrote:

I find Zwift + Wahoo Kickr to be absolutely superior for cycling workouts. Granted the Wahoo will set you back $1200 (and you need a bike), but after that, it's a great platform to use and get in shape with.

Completely agree. Great for winter workouts and races! Real athletes have real bikes!

The Peloton stationary bike is for housewives who need an aerobics instructor to motivate them to workout.

If you are wondering whether the peleton are worth your money, then my answer is yes. A peleton bike is worth every penny! The one I bought was rather expensive, so I had to save up for months before I purchased it. If I'm being honest, then I'm a bit overweight so I'm very glad that I got this bike because now I'll have no reason to be lazy, haha. Anyways, the one that I ordered is so big that I had to call the delivery service https://expomovers.com/how-to-move-a-peloton-bike/. And can you imagine even the delivery guys had troubles moving the bike (in their defense the door to my apartment is rather small

The trick of Peloton is that it allows you to recreate the tension of training in the gym. Each Peloton has a 22-inch touchscreen on which classes are broadcast. Instead of the gym, everyone is hovering at home. But the user sees live who joined the training and competes with the rest of the participants. On the same monitor — all the statistics: overall progress, personal distance and calories burned, the intensity of resistance to scrolling, pulse, and so on. And as one of the participants correctly noted above, this is already an indicator of the status that you can afford to buy such a bike. Additional peloton weights have already been released.

This is an old thread, but I'll add that Peloton bikes appeal to people (mostly women) who feel a strong need to be in a group when working out. They're the same people who would pay to go to a spin class instead of just hopping on a trainer at home and binge watching old TV shows. Peloton couldn't keep up with sales when these people couldn't go out in their regular training rides, runs, or gym classes.

Don't get me wrong. There's nothing wrong with spin classes or running/cycling with a group. I'm just saying that some people have a greater need to be with others, even virtually, like with a peloton.

this

This is the first time I've heard of him. It must be electric.