Peloton is the popular in-home, connected workout service that has grown like crazy in the past year. It is not inexpensive, though, so can be a major investment. One of the questions we get most often is “is Peloton worth it?”
That is a question we will try to answer in this piece, although we will first do a bit of a spoiler: It depends on your situation.
Is Peloton Worth It?
As with so many purchase decisions, it depends on how much you use it.
There is no doubt, Peloton is popular. The service was only introduced in 2014, but quickly grew and went public in 2019. Peloton further benefitted from the COVID-19 pandemic as workout warrior flocked to home-based workouts. We expect that trend to continue, even in a post-pandemic world.
With a healthy marketing budget, Peloton’s ads can be found on everything from online videos to billboards. As of late 2020, Peloton boasted more than 3 million paying subscribers, but even more are registered members who might not be recurring subscribers. At $40 a month, that means Peloton has a nice revenue stream. But as a workout warrior, what you are worried about is your monthly subscription fee and will you get your money’s worth for it.
Let’s start with the cost of Peloton, which is not insignificant. As of this writing, the cost of a Peloton bike is $2,245 – without any accessories like shoes or a floor mat. That is a pretty significant investment in a piece of exercise equipment that really only works once you have spent even more on the subscription. For the cost of a Peloton bike, you can get a pretty nice entry-level road bike, one with a carbon frame and disc brakes.
Speaking of the subscription fee, as of this writing the subscription fee for Peloton’s streaming service was $39 a month. So expect another $500 a year for the subscription, in addition to the upfront cost of the bike. Is it worth it? In order to determine that, we need to look at the benefits.
Peloton’s benefits are what make people look past the cost and go all-in. The bottom line is that if you are going to faithfully use a Peloton bike, it might be worth the cost. There are a few things about Peloton that make it so attractive for workout warriors.
First, the monthly subscription gives you unlimited streaming access to all of Peloton’s workouts. You could do two-a-days if your schedule allowed, there is really no limit. Considering that you might drop $20 to go to a spin class in a studio, $39 for the month might not be a bad deal if you use it. The convenience of a home-based workout is not unique to Peloton – everything from Mirror to smart bike trainers (more on that below) to simple streaming workouts on a tablet are available, but Peloton seems to have found a critical mass of users and classes that puts them in the top tier.
Second, you have the option of live workouts with an instructor, or pre-defined on-demand rides. There are up for 14 live classes a day, or you can call-up another ride with the on-demand function. There will be no shortage of rides to choose from.
Third, you can right with friends. Maybe you want to do a ride at the same time as your sibling who lives half way across the country – you can! It can be a great way to virtually ride together.
If you use Peloton enough, it can really whip you in to shape.
Are There Any Downsides of Peloton?
Let’s put the cost aside for now. There are some downsides to the Peloton model from various angles.
First, the bike doesn’t have much use other than with Peloton’s $40-a-month service. It is probably not a bike you would just hop on and ride for the heck of it, and you obviously can’t take it outside and hit the trails. If you drop the two grand-plus on this bike, it is going to be solely for riding Peloton classes. The bike really does not have multiple uses, not in the way that a real bike might.
Second, you are not riding your own bike. This is not a big deal for people who want to ride Peloton in the place of going to a spin class. But for someone training for road riding or a triathlon, you may want your intense bike workouts to translate directly to your ability to ride faster when outdoors. In that case, it might be better to be on your own bike frame while riding indoors. More on that below.
Third, Peloton is very spin-class-based. If you are not a fan of spin classes and prefer “free rides” or riding courses, there are better options out there. For example, if you are someone who just likes to go and ride an interesting course, the gamification of Zwift might be a perfect fit for you.
Finally, in addition to having you ride on a bike that is not your outdoor bike, Peloton really prefers that you not swap-out any parts, such as pedals. The Peloton bike comes with pedals that require a Delta — or 3-hole — bike shoe and cleat. (if these terms are new to you, go to our in-depth piece on bike cleats explained). For those who are used to riding in a different shoe and cleat system, this might mean having a shoe on hand just to ride the Peloton.
Alternatives to Peloton
If plunking down more than $2,000 on a bike that only works indoors with the Peloton streaming service isn’t for you, there are other good options to consider. We covered most of them in this piece on the best smart bike trainers and apps.
If looking at alternatives to Peloton, you need to probably examine the smart trainer market. You could go full-on traditional trainer, but it won’t give you the benefits of integrated, connected workout technology which might defeat the purpose.
Many cyclists rely on the combination of the smart trainer and smart cycling workout app, and there are multiple options for both.
A smart trainer is a device that your regular road or tri bike connects with, and allows your bike to talk with various apps via the smart trainer’s Bluetooth function. Popular smart trainer are made by Wahoo, Saris (formerly CycleOps), and Tacx. Right now, we are recommending the Saris H3, a high-quality, quiet trainer that will connect easily with a wireless connection. We did a thorough Saris H3 Review, and evaluate it for yourself.
Just a tick below the Saris H3 is the Tacx Flux 2, an excellent and very quiet trainer that gives you 99% of the functionality you need with a training app. Tacx is an outstanding brand, and the Flux 2 is the middle of its smart trainer lineup. It has a smaller flywheel than the Saris, and is not as foldable when not in use, but it is very, very good. Check out our full Tacx Flux review.
The app seamlessly connects to the smart trainer, and you can monitor your workout on a device like a phone, tablet, or a TV outfitted with a simple Apple TV device.
Total cost for the smart trainer is about $1,000, and the app usually runs $10 to $20 a month – so you are looking at a total cost of about half the price of Peloton.
The other reason, besides cost, that we see many seasoned cyclists opt for this setup instead of Peloton is that you can ride your own bike on it. If you have invested a lot of money in your road or tri bike, and gotten the fitting just right, it is kind of nice to right it even when you are indoors.
How Can You Make a Peloton Cheaper?
That is where it is hard. Because Peloton has what we call “vendor lock”, when you use Peloton it is hard to find ways to shave costs off around the edges. Part of the beauty of Peloton’s model, to give them full credit, is the integration. That means that it works best to use their full-priced bike in conjunction with their full-priced streaming service.
Still, there are a couple known ways to reduce the Peloton’s price.
- The most straightforward is to access a discount from the company, which Peloton is willing to do for members of the military, first responders, and medical personnel. You will need proof. You can find more information on the discount program here.
- It actually is possible to stream the Peloton app only, and ride on your own bike setup. The problem is that it would not be integrated, so instead of having a “smart” home workout it would be pretty old school. Still, if you are content following along on a Peloton-led workout, but using your own gear without the feedback loop and integration, it could be a money-saving option.
If you are someone who loves spin classes, and wants to be able to get quality workouts in your home, and have the budget for a Peloton bike, then Peloton might be for you. Many people we talk to swear by Peloton – it gives them the opportunity to workout at home when they otherwise would not get any workout in.
If the budget is a challenge, or you prefer free rides or riding on your own bike, then some of the other options we described might be better for you.