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Peloton to charge $95 activation fee for used bikes

cnbc.com

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Re: Peloton to charge $95 activation fee for used bikes

#31

Post by notesinthefield »

cyberpunk wrote: post #4

... Isn't capitalism great? I remember a thread on here a while back where some folks were sharing their peloton-alike setups and sadly I've lost the bookmark for it. Isn't it possible to hook a road bike up to some kind of 'bike treadmill' or such and go on virtual rides (maybe with an iPad or a tv or something infront of it?). With the kinds of money Peloton are charging, it did seem like a much better deal, and yo…

Until the app changes, I just put my road bike on a mag trainer with all of my normal sensors (cadence, heart rate, virtual power and speed) and followed along with the heart rate zone cycling classes. My whole setup is cheaper than a peloton bike by at least $500.

Re: Peloton to charge $95 activation fee for used bikes

#33

Post by tgv »

manuelmoreale wrote: post #18
CivBase wrote: post #10

Earlier quoted context omitted.

> Isn't capitalism great? Does "capitalism" now just mean that businesses can do whatever they want? Consumer rights are awful in the United States, but that isn't because our economy is capitalistic. It's because our government is inept.

I think by “capitalism” they mean this pervasive attitude of trying to extract money to customer in every way possible.

As long as the government allows it, greed will make corporations try to grab more and more, especially since the finance/MBA types have taken over. It's not strange to call that capitalism, since it is in its very nature.

Re: Peloton to charge $95 activation fee for used bikes

#35

Post by monkeywork »

tiahura wrote: post #28
repeekad wrote: post #15

Earlier quoted context omitted.

You clearly aren’t their target audience if you’re even thinking about price, it’s a luxury brand that people bought into because their cool rich friends did and they wanted to be part of the club, nothing more nothing less there are plenty of normal alternatives for people who just want exercise, bad example of broken capitalism to me

Envy much?

I don't see Envy there - simply truth.

It's a lux brand at a premium price, an item many people buy to be in a social group rather than focusing as fitness tool, and there are cheaper and arguably better solutions available out there.

Do you debate any of those statements?

Re: Peloton to charge $95 activation fee for used bikes

#37

Post by matwood »

notesinthefield wrote: post #31
cyberpunk wrote: post #4

... Isn't capitalism great? I remember a thread on here a while back where some folks were sharing their peloton-alike setups and sadly I've lost the bookmark for it. Isn't it possible to hook a road bike up to some kind of 'bike treadmill' or such and go on virtual rides (maybe with an iPad or a tv or something infront of it?). With the kinds of money Peloton are charging, it did seem like a much better deal, and yo…

Until the app changes, I just put my road bike on a mag trainer with all of my normal sensors (cadence, heart rate, virtual power and speed) and followed along with the heart rate zone cycling classes. My whole setup is cheaper than a peloton bike by at least $500.

> My whole setup is cheaper than a peloton bike by at least $500

Including your road bike?

Obviously there are cyclists who also use a Peloton, but I've found that's not who it's targeted at. It's the spin studio crowd who the Peloton is aimed at. I'm guessing many of those haven't ridden an actual bike in long time.

Re: Peloton to charge $95 activation fee for used bikes

#39

Post by philipov »

CoastalCoder wrote: post #7
ziofill wrote: post #2

shameless

It's a for-profit corporation, I'm not sure shame is useful concept when reasoning about its behavior. It also reminds me of the fable about the frog and the scorpion.

I wasn't familiar with the fable so I looked it up. It seems entirely appropriate that it emerged in Russia in the early 20th century.

https://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog

Re: Peloton to charge $95 activation fee for used bikes

#40

Post by RobinL »

The effect of this should be to reduce the price of used peletons by around $95 - i.e. effectively seller pays. I imagine that's the thinking behind this (ie it only affects the customer who's leaving the service), but it probably leaves a bad taste in the mouth of the buyer anyway, which doesn't feel like great business
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