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Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 3 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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Peloton is introducing a $95 "used equipment activation fee" for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
Peloton's hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.

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[–] Wogi@lemmy.world 29 points 3 months ago (3 children)

They already charge a ridiculous monthly fee just to use the bike.

And sure, it's a nicer exercise bike, but you can get a similar experience with a much cheaper bike and a tablet.

[–] elliot_crane@lemmy.world 11 points 2 months ago (2 children)

Yep. I’ve been doing this for a while now with a cheap old no-name bike and an ipad. Poor man’s peloton ftw.

[–] WalnutLum@lemmy.ml 2 points 2 months ago (1 children)

How do you do this with a tablet? Can you buy like a wheel sensor or something?

[–] elliot_crane@lemmy.world 6 points 2 months ago

I don’t have anything fancy going on with the tablet. Like it’s not tracking the bike or my workout or anything like that. I just use my watch for fitness tracking and put up either exercise videos or a stream or something to watch on the tablet.