Good afternoon everyone, welcome to Pedal with Grant. Just kidding, I’m not turning Travel with Grant into a fitness blog, but I wanted to share my experience renting and using my Peloton bike in 2023. I wish I could say that I rode the bike everyday and lost 50 pounds, but that was definitely not the case last year. Even though I didn’t live up to my Peloton expectations for 2023, I’m starting 2024 off on a strong note and hope to keep the pedal to the metal for the rest of the year.
Here is the origin story for how the Peloton bike ended up in our “workout studio” aka the garage. Back in late 2022, Laura and I decided to try out the Peloton bike. I was worried that we would buy the bike outright and then “forget” to use it and have it sit “stationary” for months. Luckily, I stumbled onto a Mashable article that mentioned renting the bike directly from Peloton and I was surprised by the affordable monthly price. As of January 2024, the Peloton bike rental program is still running and the monthly price has remained the same.
For starters, you can rent the original Peloton Bike for $89 / month or the upgraded Peloton Bike+ for $119 / month. Instead of going for the more expensive Bike+, you can buy a $50 screen attachment that will allow you to adjust / rotate the monitor. Both bikes have an initial $150 delivery and set up fee, but there is no long term commitment and you can end the rental anytime and have the bike picked up for free. I liked having the option to return the bike if we didn’t like it or use it enough to justify keeping it. There is also an option to buy out both bikes.