Two years of owning a Peloton:by the numbers

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loghound
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Two years of owning a Peloton:by the numbers

Post by loghound »

Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.
  • I purchased my Peloton in Jan 2020 and used Affirm to spread out the payments. I did this because I thought "If I see the bill every month I will be more likely to use it" -- It turns out I didn't need this kind of motivation...
  • In the last two years I've done 577 total Peloton workouts. 445 of them were cycling on the bike and the rest were strength training, yoga, etc.
  • I figure I had 10 weeks in the last two years I was unable to exercise due to illness, injury, or being out of town.
  • This means of the 104 weeks of ownership, 94 were weeks that I could choose to use it or not. I used it 577 times so 577/94=6 times/week. This jives pretty well with what I would guess as I typically bike M-F and on the weekends I often do something else (strength training).
  • I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership (for two people). The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.
  • Most of my workouts (80%) are 30 minutes long, rarely longer but sometimes I do go down to 20 (short on time or just 'not feeling it').
  • The Instructor's encouragement really kind of works, when they encourage/cajole/scream at you to work harder you actually do. Some of their self-affirmation stuff ("Treat yourself like someone you love") sounds corny but it kind of works (for me anyway!).
Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
Last edited by loghound on Fri Jan 14, 2022 6:07 pm, edited 1 time in total.
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SagaciousTraveler
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Re: Two years of owning a Peloton:by the numbers

Post by SagaciousTraveler »

Nice break down and happy it has worked out for you.

The only thing that made me laugh was the $170 a month for a 'nice' gym membership. Perhaps Ohio shields me from such things but my gym (privately owned), which I believe is nice, is $30 a month. I can't begin to imagine what extra things would justify $170 a month. Perhaps the inclusion of a personal trainer?

Either way, while I do enjoy working out at home, I head to the gym because I'm part of a workout group, so we hold each other accountable. Perhaps you have the same thing virtually with your peloton which would be another benefit.
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vanbogle59
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Re: Two years of owning a Peloton:by the numbers

Post by vanbogle59 »

loghound wrote: Fri Jan 14, 2022 4:37 pm Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.
  • I purchased my Peloton in Jan 2020 and used Affirm to spread out the payments. I did this because I thought "If I see the bill every month I will be more likely to use it" -- It turns out I didn't need this kind of motivation...
  • In the last two years I've done 577 total Peloton workouts. 445 of them were cycling on the bike and the rest were strength training, yoga, etc.
  • I figure I had 10 weeks in the last two years I was unable to exercise due to illness, injury, or being out of town.
  • This means of the 104 weeks of ownership, 94 were weeks that I could choose to use it or not. I used it 577 times so 577/94=6 times/week. This jives pretty well with what I would guess as I typically bike M-F and on the weekends I often do something else (strength training).
  • I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership. The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.
  • I Most of my workouts (80%) are 30 minutes long, rarely longer but sometimes I do go down to 20 (short on time or just 'not feeling it').
  • The Instructor's encouragement really kind of works, when they encourage/cajole/scream at you to work harder you actually do. Some of their self-affirmation stuff ("Treat yourself like someone you love") sounds corny but it kind of works (for me anyway!).
Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
What is the best exercise?
The one you will actually do!
Congrats. :beer
Picksburgh
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Re: Two years of owning a Peloton:by the numbers

Post by Picksburgh »

I’ve had one for about three months. I’m down 15 pounds. I am enjoying it. I really didn’t think I would use it (bought it for the wife) but knowing how much I spent on it I felt guilty not using it too. I’m doing one of those ab classes as well. Aside from my daily three mile walk I never exercised so it’s been a big change.

Very happy with my purchase so far. Hopefully I stick with it.
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Re: Two years of owning a Peloton:by the numbers

Post by Parkinglotracer »

Congrats - per workout cheap when the value is priceless !
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loghound
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Re: Two years of owning a Peloton:by the numbers

Post by loghound »

SagaciousTraveler wrote: Fri Jan 14, 2022 4:44 pm
The only thing that made me laugh was the $170 a month for a 'nice' gym membership. Perhaps Ohio shields me from such things but my gym (privately owned), which I believe is nice, is $30 a month. I can't begin to imagine what extra things would justify $170 a month. Perhaps the inclusion of a personal trainer?

Good point -- I just looked at a 'nice' health club (that I know offers spin classes among others) and it's $185/month for a couple. Of course this place is pretty nice with a pool, babysitting, etc. There are lower cost options (like Planet Fitness) which are substantially cheaper ($25/month) but don't offer all of the amenities.

The big thing, regardless of the money, is actually exercising.. it sounds like you have a good group to work out with which is awesome!
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runner3081
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Re: Two years of owning a Peloton:by the numbers

Post by runner3081 »

Wow, nice work.

Seems to have worked out for you.

Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)

I always figure I will try spin workouts when my running days are over, but just can't give up the whole "outside & free" exercise yet!

Where do you have it set up? Dedicated workout room in the house, or bedroom/loft, etc?
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loghound
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Re: Two years of owning a Peloton:by the numbers

Post by loghound »

When I first got it, I set it up in my oldest-who-is-away-at-college room. Once the pandemic hit and he was back home I moved it into my home office.

One under-appreciated thing I'll say about spin bikes is you just need the physical room the bike occupies, you really don't go outside of that size so you can squeeze it into a pretty small place and have it still be very usable.

Now I move it to my office when my oldest is home (Summer, Christmas Break) but otherwise keep it in his room.
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Global100
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Re: Two years of owning a Peloton:by the numbers

Post by Global100 »

Excellent. Heart, body and mind health. Keep it up!
Last edited by Global100 on Sat Jan 15, 2022 4:46 pm, edited 1 time in total.
Normchad
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Re: Two years of owning a Peloton:by the numbers

Post by Normchad »

That is terrific. Congrats!

I got mine in October 2020. Quite honestly, it was a BH discussion thread regarding Peloton that got me to buy one. My experience has been very similar to yours.

I have used it, at least once per week, for 66 straight weeks. I rode for 7,200 minutes in 2021. I exclusively do cycling. My wife also uses it for cycling, but has done some yoga and strength stuff as well. So I’m doing the peloton, but nothing else. I have not changed eating habits…..

I’ve lost some weight, but not a ton. But my overall health has improved greatly. I can feel it. And I can measure it on the bike. When I went to the doctor three months ago, my comprehensive blood panel showed great improvement in every single measurement.
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Re: Two years of owning a Peloton:by the numbers

Post by poker27 »

I’ve been considering joining a ‘nice’ new gym by me, I believe it’s $250 per person.

I have the luxury of walking two blocks to my gym, however some days I don’t have enough time, or want to leave the house. I’ve pondered a peloton or similar bike due to all of the wonderful reviews, but I feel like I’d still need my gym membership for everything else. Apparently I just need to live in a condo building with a peloton room
7eight9
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Re: Two years of owning a Peloton:by the numbers

Post by 7eight9 »

Glad it worked for you. Probably a better investment than their stock.

Peloton Stock to Drop Out of Nasdaq 100
Peloton stock was down 3% to $31.17 in Friday morning trading. The stock is has dropped 80% in the latest 12 months, and 13% so far in 2022.
https://www.barrons.com/articles/peloto ... 1642175179
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Rainier
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Re: Two years of owning a Peloton:by the numbers

Post by Rainier »

An FYI for anyone thinking of getting a Peloton. If you use your Chase Reserve card you get 10x points on the purchase. And $120 in membership credits (basically 3 months free).

That translates to 15% off if you use the points to pay yourself back.
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Re: Two years of owning a Peloton:by the numbers

Post by lazydavid »

runner3081 wrote: Fri Jan 14, 2022 5:11 pm Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)
They don't publish that exact statistic :mrgreen: but you can get pretty close with some of the information in their investor report.

annual subscriber retention rate is a little over 92%, so nearly all customers keep paying the monthly fee after having the bike for a year.

Among paying subscribers, the average number of completed workouts per month is 19.9. Yes absolutely some individuals are zero. But there can't be very many of them or they'd drag that average down VERY quickly.

For myself, I went just short of three years (Purchased Thanksgiving week 2018) with daily rides--my longest streak without missing a single day was 758 days, and was averaging about 550-600 "miles" per month--but a 3-week trip without working out followed by some other complications (working 2 jobs, catching COVID) made the back half of 2021 really rough to workout consistently. Started this year riding every other day, hoping to get back to 6-7 days/week by the end of February.
wander
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Re: Two years of owning a Peloton:by the numbers

Post by wander »

I don't see the need to join a membership and bought an elliptical for around $1,600. After 1 year, I've spent about 120 hours of exercise on it averaging about 30 minutes each. Whichever works is fine.
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Re: Two years of owning a Peloton:by the numbers

Post by Paradise »

Could you please educate us on why peloton is different than any other home exercise bike? Is a live instruction significantly better than Zwift, or a video other bikes use, for the huge markup ?
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Re: Two years of owning a Peloton:by the numbers

Post by Kagord »

Agree with the others on what works for you is the best. It would make me sick to my stomach to pay $170 a month, I can afford it, I just avoid subscription, heavy marketed, lifestyle things in general and I suspect Peloton is a fad.

But I guess I'm a hypocrite in the end, though I suspect my 3 pieces of equipment is cheaper than 1 Peloton (Concept2, old resistance bike, 20 year old commercial treadmill I bought used), I watch Netflix or Prime on them.
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Re: Two years of owning a Peloton:by the numbers

Post by onourway »

Kagord wrote: Sun Jan 16, 2022 11:17 am Agree with the others on what works for you is the best. It would make me sick to my stomach to pay $170 a month, I can afford it, I just avoid subscription, heavy marketed, lifestyle things in general and I suspect Peloton is a fad.

But I guess I'm a hypocrite in the end, though I suspect my 3 pieces of equipment is cheaper than 1 Peloton (Concept2, old resistance bike, 20 year old commercial treadmill I bought used), I watch Netflix or Prime on them.
It's not really $170/month. That's the price including paying for the bike, which retains a pretty substantial part of its value. Our previous high-end bike we bought and sold for 80% of what we'd originally paid for it after 3 years.
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Re: Two years of owning a Peloton:by the numbers

Post by Blanco 5.0 »

Paradise wrote: Sat Jan 15, 2022 10:43 pm Could you please educate us on why peloton is different than any other home exercise bike? Is a live instruction significantly better than Zwift, or a video other bikes use, for the huge markup ?
Generally, a different audience. Zwift with Kickr etc are more hard core cyclists while Peloton are more general fitness oriented. As a hard core cyclist I use cycling specific apps(FulGAS, Zwift, TrainerRoad) with a Kickr as do most of the folks I know, but some buddies use Peloton.
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Re: Two years of owning a Peloton:by the numbers

Post by h82goslw »

I’ve been looking at used peloton bikes on Marketplace. They’re ranging in price from $1K to $2K for seemingly barely used examples and I really want to pull the trigger. Just can’t imagine paying $35 per month for the online classes. That’s a lot!
My logic may be a bit flawed.
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Re: Two years of owning a Peloton:by the numbers

Post by lazydavid »

h82goslw wrote: Sun Jan 16, 2022 2:11 pm I’ve been looking at used peloton bikes on Marketplace. They’re ranging in price from $1K to $2K for seemingly barely used examples and I really want to pull the trigger. Just can’t imagine paying $35 per month for the online classes. That’s a lot!
My logic may be a bit flawed.
The entire value prop of Peloton is the classes, and the way they integrate with the hardware (metrics and such). The Peloton bike is a solid piece of equipment, but without the subscription there are equal-quality options for significantly less money, such as the Keiser M3. IMO the only reason to buy a Peloton bike over any other option are the classes. Well worth the $39/mo for me, but obviously you have to make your own value judgement.

But if you’re not planning to pay for the service, save yourself some money and buy a cheaper spin bike. There’s nothing magical about the hardware all on its own.
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Re: Two years of owning a Peloton:by the numbers

Post by h82goslw »

lazydavid wrote: Sun Jan 16, 2022 2:28 pm
h82goslw wrote: Sun Jan 16, 2022 2:11 pm I’ve been looking at used peloton bikes on Marketplace. They’re ranging in price from $1K to $2K for seemingly barely used examples and I really want to pull the trigger. Just can’t imagine paying $35 per month for the online classes. That’s a lot!
My logic may be a bit flawed.
The entire value prop of Peloton is the classes, and the way they integrate with the hardware (metrics and such). The Peloton bike is a solid piece of equipment, but without the subscription there are equal-quality options for significantly less money, such as the Keiser M3. IMO the only reason to buy a Peloton bike over any other option are the classes. Well worth the $39/mo for me, but obviously you have to make your own value judgement.

But if you’re not planning to pay for the service, save yourself some money and buy a cheaper spin bike. There’s nothing magical about the hardware all on its own.
Thank you for that explanation. Obviously I believed the hype about the bike itself being superior, or at least that was my perception. I’ll be sure to expand my search.
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Re: Two years of owning a Peloton:by the numbers

Post by Picasso »

h82goslw wrote: Sun Jan 16, 2022 2:34 pm
lazydavid wrote: Sun Jan 16, 2022 2:28 pm
h82goslw wrote: Sun Jan 16, 2022 2:11 pm I’ve been looking at used peloton bikes on Marketplace. They’re ranging in price from $1K to $2K for seemingly barely used examples and I really want to pull the trigger. Just can’t imagine paying $35 per month for the online classes. That’s a lot!
My logic may be a bit flawed.
The entire value prop of Peloton is the classes, and the way they integrate with the hardware (metrics and such). The Peloton bike is a solid piece of equipment, but without the subscription there are equal-quality options for significantly less money, such as the Keiser M3. IMO the only reason to buy a Peloton bike over any other option are the classes. Well worth the $39/mo for me, but obviously you have to make your own value judgement.

But if you’re not planning to pay for the service, save yourself some money and buy a cheaper spin bike. There’s nothing magical about the hardware all on its own.
Thank you for that explanation. Obviously I believed the hype about the bike itself being superior, or at least that was my perception. I’ll be sure to expand my search.
The classes are well worth it in my opinion. I put over 300 hours with my Peloton in 2021 and I’d never go back. Worth a serious look!
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Re: Two years of owning a Peloton:by the numbers

Post by H-Town »

runner3081 wrote: Fri Jan 14, 2022 5:11 pm
Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)
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Re: Two years of owning a Peloton:by the numbers

Post by Impatience »

$170 a month for 2 gym memberships would be at a very high end gym. The full service gyms I use with locker rooms, showers, good equipment, towels and all that, more like $70-100 for a couple. And you get a whole lot more than a rented exercise bike.
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Re: Two years of owning a Peloton:by the numbers

Post by jemaz »

loghound wrote: Fri Jan 14, 2022 4:37 pm Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.


[*] I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership (for two people). The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.


[/list]

Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
That's a pretty expensive gym membership along with a lot of work to justify the purchase. I just don't get a lot out of a stationary bike; a real one is much more interesting. And, if not a bike, hiking with hefty elevation gain strikes me as much more productive -- and much, much cheaper. To each his (or her) own.
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Re: Two years of owning a Peloton:by the numbers

Post by onourway »

h82goslw wrote: Sun Jan 16, 2022 2:34 pm
Thank you for that explanation. Obviously I believed the hype about the bike itself being superior, or at least that was my perception. I’ll be sure to expand my search.
We had a Keiser previously and if anything the hardware on that was a little bit better. That said, don't discount the value that the integrated classes bring. I've been a pretty serious endurance athlete for my entire life, and really eschewed indoor training finding it dull compared to being outside. My wife and having multiple kids has convinced me of its place however, and we now have both a Peloton bike and Tread, and they both get lots of use. $35/month IS steep for the content, but if it's actually successful at getting you to exercise, then it's a bargain, and their programming tends to do that very successfully.
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Re: Two years of owning a Peloton:by the numbers

Post by lightheir »

jemaz wrote: Sun Jan 16, 2022 3:33 pm
loghound wrote: Fri Jan 14, 2022 4:37 pm Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.


[*] I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership (for two people). The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.


[/list]

Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
That's a pretty expensive gym membership along with a lot of work to justify the purchase. I just don't get a lot out of a stationary bike; a real one is much more interesting. And, if not a bike, hiking with hefty elevation gain strikes me as much more productive -- and much, much cheaper. To each his (or her) own.

There actually weirdly little overlap between Peloton users and outdoor 'in real life' cyclists. Peloton users in general have no interest in actually going out and buying an outdoor bicycle of any sort. I've always found this interesting, as you'd think someone die hard in the Peloton would at least be interested in seeing how their hard earned bike ability could be used on bike tours, etc., but nope.
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Re: Two years of owning a Peloton:by the numbers

Post by Normchad »

lightheir wrote: Sun Jan 16, 2022 7:22 pm
jemaz wrote: Sun Jan 16, 2022 3:33 pm
loghound wrote: Fri Jan 14, 2022 4:37 pm Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.


[*] I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership (for two people). The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.


[/list]

Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
That's a pretty expensive gym membership along with a lot of work to justify the purchase. I just don't get a lot out of a stationary bike; a real one is much more interesting. And, if not a bike, hiking with hefty elevation gain strikes me as much more productive -- and much, much cheaper. To each his (or her) own.

There actually weirdly little overlap between Peloton users and outdoor 'in real life' cyclists. Peloton users in general have no interest in actually going out and buying an outdoor bicycle of any sort. I've always found this interesting, as you'd think someone die hard in the Peloton would at least be interested in seeing how their hard earned bike ability could be used on bike tours, etc., but nope.
It is interesting. There is overlap, but it’s small. Different strikes and all,,..

My background is outdoor cycling. But I love the Peloton.

For me, I’m not as confident or safe riding outdoors as I used to be. My eyesight isn’t as good. My reaction times are slower. If I take a crash now, I fear I might be down for weeks. And I just can’t ride in the dark or rain anymore. So there are a lot of times for me, where it is the peloton or nothing.

I’m a dude. Female riders have told me they prefer the peloton because they don’t have to worry about creeps or being assaulted, like they would outdoors or at a gym. That’s not something I’ve ever thought about, but it totally makes sense.

And the experience is different. When I ride outdoors, I’m usually going somewhere. It’s not just for exercise. I might be going to the chipotle 13 miles away or whatever. Or I’m going to see soMething scenic. Exercise is not the primary motivation.

On the peloton, it’s about the exercise. Get a good workout. Get a good sweat in. Listen to your favorite artist for 60 minutes and ride, etc etc. it is just different.

Not any better or any worse. Just different. It’s great for a lot of people. It would be a total waste for a lot of other people.
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Re: Two years of owning a Peloton:by the numbers

Post by onourway »

Normchad wrote: Sun Jan 16, 2022 7:43 pm
It is interesting. There is overlap, but it’s small. Different strikes and all,,..

My background is outdoor cycling. But I love the Peloton.

For me, I’m not as confident or safe riding outdoors as I used to be. My eyesight isn’t as good. My reaction times are slower. If I take a crash now, I fear I might be down for weeks. And I just can’t ride in the dark or rain anymore. So there are a lot of times for me, where it is the peloton or nothing.

I’m a dude. Female riders have told me they prefer the peloton because they don’t have to worry about creeps or being assaulted, like they would outdoors or at a gym. That’s not something I’ve ever thought about, but it totally makes sense.

And the experience is different. When I ride outdoors, I’m usually going somewhere. It’s not just for exercise. I might be going to the chipotle 13 miles away or whatever. Or I’m going to see soMething scenic. Exercise is not the primary motivation.

On the peloton, it’s about the exercise. Get a good workout. Get a good sweat in. Listen to your favorite artist for 60 minutes and ride, etc etc. it is just different.

Not any better or any worse. Just different. It’s great for a lot of people. It would be a total waste for a lot of other people.
x2. I am an outdoor cyclist/runner. However there is a huge demographic of people who are not comfortable running or cycling outdoors. Whether because of safety on the roads (after tens? hundreds? of thousands of miles, this now worries me more than ever) or very real female safety concerns (we live in a rural area and I never worried about this until I met my wife - and in recent years there have been several females assaulted on the trails) - there are lots of reasons to prefer working out indoors. It's also time efficient. You can get a 60 minute workout completed in not much more than that 60 minutes. No driving to a gym or trail, no equipment to deal with.

Don't get me wrong, I'll take a great day outdoors every single time - but I am now able to understand that the ways that I confidently traverse that reality is a privilege not available to all.
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Re: Two years of owning a Peloton:by the numbers

Post by cchrissyy »

lazydavid wrote: Sun Jan 16, 2022 2:28 pm
h82goslw wrote: Sun Jan 16, 2022 2:11 pm I’ve been looking at used peloton bikes on Marketplace. They’re ranging in price from $1K to $2K for seemingly barely used examples and I really want to pull the trigger. Just can’t imagine paying $35 per month for the online classes. That’s a lot!
My logic may be a bit flawed.
The entire value prop of Peloton is the classes, and the way they integrate with the hardware (metrics and such). The Peloton bike is a solid piece of equipment, but without the subscription there are equal-quality options for significantly less money, such as the Keiser M3. IMO the only reason to buy a Peloton bike over any other option are the classes. Well worth the $39/mo for me, but obviously you have to make your own value judgement.

But if you’re not planning to pay for the service, save yourself some money and buy a cheaper spin bike. There’s nothing magical about the hardware all on its own.
I got the Tread last month not expecting to use the classes at all. I've never liked gym classes or fitness culture.

What sold me on it was when i learned you could use it to "just run" or do a "scenic run" where the screen is showing you outside. Like running around a new city, but without having to care about the weather or getting hit by a car. and where you don't have to carry a water bottle or ever be too far form the bathroom.

Anyway, it had a try-at-home for free deal so i went ahead. The trial also came with free classes, and wow they are way more fun and engaging than i expected! i'm on it every day and have not even tried those features i described above. ha. i am absolutely going to stay subscribed.
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RobLyons
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Re: Two years of owning a Peloton:by the numbers

Post by RobLyons »

Did you go from 0 exercise to the amount reported here? If so, that's a great win, no matter the price.
I personally have internal motivation from working out consistently since high school. I workout after every full night of sleep I get (I work graveyard shift 3-4 nights a week). My gym is $35/month with tons of cardio and weights.
Sounds like you found what works for you! Keep it up!
"Great parenting sets the foundation for a better world"
MarkRoulo
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Re: Two years of owning a Peloton:by the numbers

Post by MarkRoulo »

H-Town wrote: Sun Jan 16, 2022 3:04 pm
runner3081 wrote: Fri Jan 14, 2022 5:11 pm
Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)
Survival bias. You rarely hear any failure stories.
Not in this case.

If 91% of the bikes are still signed up for subscriptions in year two and the folks with subscriptions (so in that 91%) average 19 sessions/month then the bikes are mostly being used as non-clothes-hangers. At least for now.
MarkRoulo
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Re: Two years of owning a Peloton:by the numbers

Post by MarkRoulo »

lightheir wrote: Sun Jan 16, 2022 7:22 pm
jemaz wrote: Sun Jan 16, 2022 3:33 pm
loghound wrote: Fri Jan 14, 2022 4:37 pm Hi All

I know the Peloton is discussed a fair bit so I thought I would share some details after owning one for two years.


[*] I have been paying about $170/month for BIke Payments+ membership. This is just a bit over a nice Gym membership (for two people). The times I've used a Gym I tended to probably average 1-2 times a week so getting 3-4 times more workouts for a bit more money is a pretty good tradeoff.


[/list]

Suffice to say I'm very happy with this purchase. I avoided Covid lockdown weight gain (arguably lost weight) and it keeps mentally keep my head clear. I've also exercised more in the past two years than any time previous in my life....
That's a pretty expensive gym membership along with a lot of work to justify the purchase. I just don't get a lot out of a stationary bike; a real one is much more interesting. And, if not a bike, hiking with hefty elevation gain strikes me as much more productive -- and much, much cheaper. To each his (or her) own.

There actually weirdly little overlap between Peloton users and outdoor 'in real life' cyclists. Peloton users in general have no interest in actually going out and buying an outdoor bicycle of any sort. I've always found this interesting, as you'd think someone die hard in the Peloton would at least be interested in seeing how their hard earned bike ability could be used on bike tours, etc., but nope.
I'm not in the Peloton demographic, but I have no interest in knowing how my fitness translates to the real world in terms of actually using it.

I prefer ellipticals and (g*d help me) stair steppers and am fine if I can just walk a long time without getting tired or winded. I don't need to go up a lot of stairs to see how things translate :-)

I used to spend more time on the exercycle, but never cared how that translated to an actual bike.

My guess is that the Peloton folks are similar to me. Different strokes for different folks and all that.
MP173
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Re: Two years of owning a Peloton:by the numbers

Post by MP173 »

I am an outdoor cyclist also...very concerned with safety these days, but I still ride, but avoiding the high traffic times of day (morning rush to work and school). I have moved my ride to a little later in the AM.

On days in which I do not ride it is the local Y either stationary bike (Expresso) or weights. Nothing against Peloton but it is great to exit the house. Nothing like a morning bike ride.

Peloton announced another big layoff this morning. they rode the Covid wave but obviously couldnt sustain the huge one time growth.
Ed
nfs
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Re: Two years of owning a Peloton:by the numbers

Post by nfs »

H-Town wrote: Sun Jan 16, 2022 3:04 pm
runner3081 wrote: Fri Jan 14, 2022 5:11 pm
Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)
Survival bias. You rarely hear any failure stories.
I bought a Stryde bike (similar to Peloton but less expensive and with an open platform so you can use different biking apps or you tube) in early 2021, hoping it would give me an easy opportunity to exercise with a 1 year old at home. So far, my 2.5 year old still isn't giving me much occasion to use the bike. But husband has gone through spurts of using it and I'm hoping that over the next couple of years I'll be able to get a little more independent time to be able to ride the bike. When time availability is so challenging it's nice to have something at home and waiting even if it goes unused for a period of time!
tm3
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Re: Two years of owning a Peloton:by the numbers

Post by tm3 »

lazydavid wrote: Sat Jan 15, 2022 6:28 am
runner3081 wrote: Fri Jan 14, 2022 5:11 pm Would love to know percent of Peleton bikes that are very expensive clothes hangers/drying racks these days :)
They don't publish that exact statistic :mrgreen: but you can get pretty close with some of the information in their investor report.

annual subscriber retention rate is a little over 92%, so nearly all customers keep paying the monthly fee after having the bike for a year.

Among paying subscribers, the average number of completed workouts per month is 19.9. Yes absolutely some individuals are zero. But there can't be very many of them or they'd drag that average down VERY quickly.

For myself, I went just short of three years (Purchased Thanksgiving week 2018) with daily rides--my longest streak without missing a single day was 758 days, and was averaging about 550-600 "miles" per month--but a 3-week trip without working out followed by some other complications (working 2 jobs, catching COVID) made the back half of 2021 really rough to workout consistently. Started this year riding every other day, hoping to get back to 6-7 days/week by the end of February.
Good job.

In any discussion, it is nice to see data rather than conjecture. Especially these days.
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loghound
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Re: Two years of owning a Peloton:by the numbers

Post by loghound »

I thought I would update for 2023 of owning a peloton.

As a reminder I originally posted how I had purchased a Pelton in Jan 2020 and how I'd had averaged about ~290 workous/year in my first two years of ownership (most of those were cycling)

This year I've done a bit more variety of workouts -- Partially because I started using the Apple fitness+ (I really like a lot of their strength/pilates/stretching videos and it integrates into other apple products really well)

For this year I pulled data out of Apple watch, which includes my cycling as well other kinds of workouts (it's actually pretty easy to pull your fitness data out of Apple fitness)
  • I biked 209 times in 2022
  • I did 'other workouts' 123 times (strength, CrossFit, etc.)
  • I estimate I had 323 days where I wasn't either sick or out of town/traveling
  • 209+123 = 332 workouts total -- that I means I averaged a bit more than one workout per day (which feels about right). The Majority continued to be cycling on the Peloton.
So I'd say in 2023 I continue to be very happy with the Peloton -- The classes have a lot of variety, the instructors encouragement works (for me anyway) and the Bike has been pretty rock solid.

So for me, the ongoing cost of the Peloton (monthly subscription) has been well worth it.
I would have written a shorter letter, but I did not have the time. | - Blaise Pascal
jkhayc
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Re: Two years of owning a Peloton:by the numbers

Post by jkhayc »

loghound wrote: Thu Jan 26, 2023 2:48 pm I thought I would update for 2023 of owning a peloton.

As a reminder I originally posted how I had purchased a Pelton in Jan 2020 and how I'd had averaged about ~290 workous/year in my first two years of ownership (most of those were cycling)

This year I've done a bit more variety of workouts -- Partially because I started using the Apple fitness+ (I really like a lot of their strength/pilates/stretching videos and it integrates into other apple products really well)

For this year I pulled data out of Apple watch, which includes my cycling as well other kinds of workouts (it's actually pretty easy to pull your fitness data out of Apple fitness)
  • I biked 209 times in 2022
  • I did 'other workouts' 123 times (strength, CrossFit, etc.)
  • I estimate I had 323 days where I wasn't either sick or out of town/traveling
  • 209+123 = 332 workouts total -- that I means I averaged a bit more than one workout per day (which feels about right). The Majority continued to be cycling on the Peloton.
So I'd say in 2023 I continue to be very happy with the Peloton -- The classes have a lot of variety, the instructors encouragement works (for me anyway) and the Bike has been pretty rock solid.

So for me, the ongoing cost of the Peloton (monthly subscription) has been well worth it.
Awesome! We have the Tread, Bike+, and Guide. Almost ordered the Row, but it's just too expensive for what would at most be 1-2hrs a week (between two people) spent with an unfamiliar exercise routine. My wife and I were competitive endurance athletes prior to getting our Peloton devices so biking and running are very familiar to us. I didn't think I would enjoy the Tread, but I actually quite enjoy it. We've had more technical issues with that device than with the bike, and that's been frustrating over our ~16 months of ownership of the Tread but overall it's definitely been a worthwhile investment. My wife does probably ~35hrs/mo across the Peloton devices primarily as running and biking but with a boot camp or two mixed in each week. I'm just running but do anywhere from 1-4 runs/wk on the Tread.

Any favorite instructors? Matt Wilpers is probably the best actual CYCLING instructor, but I'm guessing people that don't come from a cycling background find him a bit uninteresting. I think Jess Simms is probably the best overall instructor in terms of what she brings to the table, but AT is up there as well.
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loghound
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Re: Two years of owning a Peloton:by the numbers

Post by loghound »

While I like some instructors more than others (and Matt W is one of my favorites) I usually pick classes based on Music and format to match my mood...
I would have written a shorter letter, but I did not have the time. | - Blaise Pascal
bwalling
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Re: Two years of owning a Peloton:by the numbers

Post by bwalling »

vanbogle59 wrote: Fri Jan 14, 2022 4:45 pm What is the best exercise?
The one you will actually do!
Congrats. :beer
This is all that matters. Find the one that gets you to keep doing it. If that's weightlifting at a gym with buddies, great. If that's pickup basketball, great. If that's weekend warrior triathlon or 10Ks or obstacle races, great. If that's Peloton, great. If others don't understand why it works for you, don't worry about them.
1year23
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Re: Two years of owning a Peloton:by the numbers

Post by 1year23 »

I bought my Peloton during the pandemic thinking it would become a clothes hanger once my beloved gym reopened. I couldn't have been more mistaken. I LOVE working out at home. No need to drive to gym, socialize when I don't want to not to even mention how much money I am saving every month. I also feel that the bicycling is a great cardio work out without the repetitive shock to my joints that running is.
cmr79
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Re: Two years of owning a Peloton:by the numbers

Post by cmr79 »

We moved during the summer of 2020 to an area that is far less amenable to local running/biking, etc, and neither my wife nor I are typically thrilled to drive somewhere to exercise. Because of supply chain issues (and feedback from friends), we ended up buying a Keiser M3 and subscribing to the Peloton app. We get a healthcare provider discount, so the cost has been around $10/month, and we continue to each use the bike/Peloton app multiple times per week.

Tracking metrics and interacting with other users on the leaderboard wasn't a selling point for us (the leaderboard thing would potentially even have been a detractor), so I don't feel like we give up very much in exchange for a cheaper monthly membership and (as other posters have noted) arguably better hardware, but if the leaderboard or metrics are likely to increase usage as motivators to exercise more, it would almost certainly have been worth it to go with the Peloton equipment instead.
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