Business
Peloton Expands Rental Program Across the U.S. to Offer Easier Access and Flexibility
Rent Peloton's Bike/Bike+ for a low monthly fee that includes the cost of All Access Membership, with no long-term commitment NEW YORK, Sept. 13, 2022
About this update from Peloton Interactive, Inc.
[{"type":"text","content":"Rent Peloton's Bike/Bike+ for a low monthly fee that includes the cost of All Access Membership, with no long-term commitment\nNEW YORK, Sept. 13, 2022 /PRNewswire/ -- Today, Peloton (NASDAQ: PTON) announced the national expansion of its rental program, offering future Members the opportunity to enjoy Peloton's signature experience with just one low monthly cost and no long-term commitment. The program, which kicked off in select test markets earlier this year, allows consumers who have been interested but have yet to purchase, the opportunity to rent the Bike/Bike+ for a low monthly fee that includes the cost of an All Access Membership. Through the month-to-month rental offering, Members will have unlimited access to Peloton's entire library of live and on-demand classes from just $89/month for the original Peloton Bike.\n\n \n \n \n \n \n \n\n \n\"As the global leader in the connected fitness space, we are committed to delivering convenient, engaging and motivating workout experiences to a broad array of consumers who want to be the best version of themselves anytime, anywhere,\" said Peloton's Dara Treseder, SVP, Global Head of Marketing, Communications & Membership. \"Our expanded national rental program allows even the most value-conscious customers to fully immerse in the Peloton experience.\"\nOne Peloton Rental Member said, \"Just thank you so much for the rental option. I've been dreaming of a Bike for over a year…can't wait to do my century ride on my Bike…\" Another early adopter noted, \"Thanks for the affordable opportunity to stay healthy and fit.\"\nHow it worksAnyone can access the rental program at https://www.onepeloton.com/bike/rentals. There are free returns at any time and program participants can choose to continue renting indefinitely or buy the Bike/Bike+ at any time during their rental period.\nCurrent Rental Pricing is as follows:\nPeloton Bike and All Access Membership: $89/month + $150 one-time setup fee; $895 to purchase after 12 monthsPeloton Bike+ and All Access Membership: $119/month + $150 one-time setup fee; $1,595 to purchase after 12 months *Purchase price may vary based on when customers choose to buy out their Bike/Bike+\nAbout PelotonPeloton is the leading interactive fitness platform in the world with a loyal community of approximately 7 million Members. The Company pioneered connected, t...