We’ve all had buyer’s remorse: the dead-weight that drops into your stomach after a big purchase.
It’s common with exercise equipment because aren’t we all looking for that magic bullet? We all want to find a way to make our workouts more effective, efficient and enjoyable.
And Peloton bikes are sleek and they’re sexy, and wouldn’t one just look perfect in your house the way it does in those aspirational commercials with the beautiful people furiously peddling to a banging soundtrack?
So, you buy one...
If only buying the damn thing was enough.
It doesn’t matter how much you’ve paid for your peloton or how much you’re debited every month for the classes, you still have to show up and do the work or your all-singing, all-dancing spin bike just becomes an expensive clothes horse.
Peloton regret is real.
And even if you are using your peloton regularly, at $2000 for a basic bike and then $35 a month to subscribe to the app for on-demand and live classes, you may feel as if you’ve spent more than you should have.
We all get carried away, and you’re not alone.
Peloton sales are up 172% this year due to COVID. Restrictions on gym openings, class cancellations, lockdowns, social distancing and isolating, have all contributed to at-home exercise equipment sales.
What is Peloton Regret?
Peloton regret is what happens when you sink almost $3000 on an at-home spin bike (and an additional monthly subscription) and then wish you hadn’t.
It’s a popular Google query: people pulling the trigger on a bike and then turning to the peloton community for reassurance. Of course, active Peloton users are its biggest cheerleaders.
It’s worth pointing out that a lot of people love their peloton bikes.
Some say they wish they’d bought one years ago, so we aren’t saying that peloton bikes aren’t worth it (because clearly, they’re working for a lot of people), but they’re not for everyone, and they cost two thousand dollars+. It’s a lot of money to feel guilty about having spent.
Of course, Peloton competitors have released their own spin bikes and there are cheaper peloton alternatives. If you haven’t decided to buy a spin bike yet, then it might be worth holding fire.
We’ve got some exciting news to announce in the next few weeks about our new release. If you’re on the fence about buying a Peleton, then we think you’re really going to like what we’re doing.
Buyer’s remorse for at-home fitness equipment hasn’t just appeared with Peleton. Remember the infomercials of previous decades? People paid for thigh masters, stair masters, vibrating exercise belts, ab-toning belts and sauna suits, etc.
And it’s all relative.
Some people will get buyer’s remorse on a $20 or £20 piece of kit.
How to Combat Peloton Buyers Remorse
There are several ways to combat Peloton regret.
- You can cancel your order before it ships. COVID-19 has seen a surge in demand and a corresponding drop in product availability. There have been several media reports of peloton customers cancelling orders after waiting months for them to arrive. If you’re genuinely concerned that you’ve made a bad decision, then take advantage of this and cancel as soon as possible.
- You can also return the bike within 30-days of installation for a full refund.
- Too late to return the bike? One of the simplest ways to relieve peloton buyers remorse is to start using the bike. At-home gym equipment is always going to be an investment but over time you may find you’re saving money on a regular gym membership by exercising at home. Making a commitment to using it could be what turns you into a super-fan. Try taking two or three classes a week and see how you go.
- You can also sell your peloton bike second-hand. Given the initial cost of the bike and the long delivery times right now, they’re selling quickly so you should be able to recoup some of your money.
- Alternatives to peloton are also worth considering, and you’ll find several competitors in the space offering the convenience, community connection, competitive classes, and attractive design of a peloton at a more affordable price-point.
Alternatives to Peloton
Some users buy a road bike, a turbo trainer and a tablet for the price of a peloton. This gives them the flexibility to use the bike outside during the warmer weather and then switch to riding indoors during the winter.
Turbo trainers paired with Zwift offer a more immersive riding experience and are more appealing to some users than exercising in a class environment or working out on a static bike.
You can buy smart-tech spinning bikes that share similar features to a Peloton but at a lower cost. Peloton might dominate the industry but there are several competitors that may have a product more suitable to what you need including Energym.
Buyer’s remorse is something that we’re all familiar with but peloton regret is specific to the at-home fitness community. We’d recommend doing your research thoroughly before purchasing and taking advantage of peloton’s 30-day returns policy if you’re not convinced once it arrives.