You can rent different workout equipment for a number of weeks. It helps to live a remote lifestyle and keep you healthy. However, most people ask the question, “Can you rent a peloton bike”? The simple answer is no, you cannot rent a peloton bike.
But, many companies have a rental program for studio spin bikes that comes with a tablet or phone holder. In simple words, users can hook up mobile devices and stream classes directly using the Peloton digital app.
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Can You Rent a Peloton Bike?
According to John Foley (CEO of Peloton), the company will have a rental system within the next few years in place.
How To Rent a Peloton Bike?
As mentioned above, you cannot rent a peloton bike. But you can rent a regular studio spin bike and utilize your peloton app to stream the indoor cycling classes. Here is you can rent a regular studio spin bike.
- Find a nearby exercise bike rental store and check their payment options for the time duration you want to use the bike.
- When the bike is delivered to you, get a tablet or phone holder to place your desired device in front of a handlebar.
- You can also use a chair, or coffee table or connect a tablet to the TV for your convenience.
- Launch the peloton app and select your favorite ride.
- You can also connect the cadence sensor to shoes or pedals. It helps to track the metrics from the peloton digital.
Remember, with peloton digital, you don’t have access to the leaderboard and other scenic rides. But still, this option is a decent option to stay consistent with your cardio workouts.
How To Rent An Exercise Bike Near Me?
You can easily rent an exercise bike from a local store. There are companies that offer 12 to 24-week rental plans with a monthly fee of $40 to $80 (delivery and installation included). You can also rent a recumbent bike, treadmill, or elliptical machine.
Renting a peloton or any other spin bike is an excellent idea to stay fit and save money. You can love a remote lifestyle and enjoy access to a workout bike just like your home.
2020 was one tough time for gym owners. However, every problem has its solution, and so did gym owners find a way to deal with the corona pandemic. They decided to rent their cardio workout equipment to private people. Interestingly, the trend is getting popular, especially among people who are renting a temporary home and traveling frequently.
How To Rent An Exercise Bike Online?
Here is a list of exercise bike rental companies.
| Company Website | Location |
| Swervefitness.com/Rentals | New York City |
| Familyrentals.com | Florida |
| Reventals.com | San Diego |
| Hollywoodfitnessrentals.com | Los Angeles |
How To Use Peloton With Airbnb?
Another good option to rent a peloton bike on vacation is to use Airbnb services. Booking with Airbnb is extremely easy, and nowadays, most homeowners now include peloton bikes in their homes.
There is a peloton bike available in community gyms. With trending fame, hotel owners are now investing in peloton bikes for their gyms.
Will Peloton Rent Bikes?
Peloton has officially confirmed that in the near future, they are launching their own rental program. Peloton rental program will not only help to attract a large audience but also allow for remote workers to stay fit at home.
Cost of Renting a Peloton Bike
Renting a Peloton bike is an option for those who prefer a flexible payment plan. The rental program includes both the Peloton Bike and Bike Plus, each with its own set prices. Rental bikes are a combination of new and refurbished models that have been thoroughly inspected, repaired, and tested.
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Peloton Bike and all-access Membership
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- Monthly rental fee: $89/month
- Setup fee: $150
- Option to purchase after 12 months: $895
- Retail price: $1,445
- All-access digital membership (monthly): $44 (plus tax)
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Peloton Bike+ and all-access Membership
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- Monthly rental fee: $119/month
- Setup fee: $150
- Option to purchase after 12 months: $1,595
- Retail price: $2,495
- All-access digital membership (monthly): $44 (plus tax)
Benefits of Renting and Buying a Peloton Bike
By choosing to rent and then purchase the Peloton Bike after 12 months, you can view it as paying $44 for the all-access membership and $45 for the bike each month.
Over 12 months, you will have paid $540 towards the bike. Adding the $895 cost of purchasing the bike post-rental, the total is $1,435, which is $10 cheaper than the retail price.
For the Bike+, the rental program allows you to pay $44 for the all-access membership and $75 towards the Bike+ each month. After 12 months, you will have contributed $900 towards the Bike+. Adding the $1,595 purchase price, the total is $2,495, which is equal to the retail cost.
Buyout Plans There are also buyout plans available for both the Peloton Bike and Bike+ after the initial 12 months:
Peloton Bike buyout pricing:
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- 12 months and one day to 24 months: $895
- 24 months and one day onwards: $500
Peloton Bike+ buyout pricing:
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- 12 months and one day to 24 months: $1,595
- 24 months and one day to 36 months: $895
- 36 months and one day onwards: $750
What Are The Peloton Payment Plans?
Renting a peloton bike will help you to get rid of the payment worries. The company is offering a no-interest monthly payment procedure that can be easily spread across three years.
There are three payment plans offered by the peloton.
- $207.92 per month for 12 months
- $103.96 per month for 24 months
- $36.98 per month for 36 months
FAQs Regarding Peloton Rental Buyout
Does Peloton have a rent ride?
Peloton offers a convenient rental program called the Peloton Rental program, providing new Members with the opportunity to lease a Bike or Bike+.
How much does it cost to use a Peloton Bike?
That being said, the core features of the Bike+ closely resemble those of the original Bike. Both necessitate a monthly subscription fee of $44, granting access to Peloton’s extensive library of on-demand and live classes, led by the captivating instructors affiliated with the brand. These classes are available for both on-bike and off-bike workouts.
Final Words
The peloton bikes are not available for rent from the company. However, they are planning to introduce rental programs in the near future. We have mentioned some easy ways to rent a peloton bike and save money while keeping your fitness workouts at peak. One handy feature offered by peloton is to exchange your old peloton bike for the new peloton bike+.
