We ordered our bike+ back in November, 2020. The expected delivery dates at the time were 6-8 weeks out. Once purchased, it showed the soonest available date to be mid-late January (8 weeks). We rescheduled trips, jobs, etc around the delivery date. They rescheduled our order without warning 4 days before it was due to be delivered to a date another 7 weeks away...Basically pushing us to the back of the delivery line. When I called to see why this happened, I waited for 30 minutes to talk to someone. I was met with a suuuuper pretentious and sarcastic agent that ultimately told me to "cancel if I don't want to wait."
I clearly wasn't getting anywhere, so I reached out via chat. I was told that they are doing everything they can, but the pandemic has delayed delivery. Ok, but we are a year into the pandemic, how is this still a problem for you? And WHY are you still giving delivery estimates of 8-10 weeks on your website right now when you clearly cannot fulfill those? I was assured that I was not pushed to the back of the delivery line and if an earlier delivery time opened, I would automatically get it. Uhmmm no, that's not true, because you can call them and get earlier delivery times. I know several people in my area that ordered after me but have already received a bike.
This begs the question, "why Peloton?" One of their competitor bikes is highly rated and about a 1/4 of the cost (and still works with their app, among others). "Well the competitor bikes just aren't as good," you say? Even IF it's not built as well as the Peloton, I could buy four of them and get them TODAY for the cost of one Peloton and 15 weeks of waiting. It's hard to reason with that valuation...
This company is doing well on paper, and looking to increase sales by at least double again this year. They apparently also acquired a company to help with delivery services back in December. Customer service and logistics is clearly not their strong suit, and it doesn't appear as though they have any plans to rectify the issues. If they don't start taking better care of the customers who have paid $4k for their bike and equipment, they will find themselves like every other tanked exercise equipment company. Once the pandemic is over, people will be back to the gym, and trying to sell these 4K bikes that require a $39 per month membership.
So do the math... Ignoring time value of money, 1K a year over four years for the bike and equipment (never-mind that you will probably need to replace shoes, etc within that time), PLUS the membership at $39 per month for the classes, is pushing 6k, or $125 per month for four years, which is a lot more than a gym membership, even in a larger city like mine. Add on the fact that unlike a gym membership, this isn't something you can just quit or cancel... You own it. If you get injured and can't ride, or you lose your job, you are locked into that 6k for four years.
I urge other customers to do your research. Unless you are a pretentious, uppity type that cares about being trendy and having something others don't (or can't afford), this is simply a scam. There are a ton of other options out there that are a WAY better value. read more