CFTXAG10 said:
htxag09 said:
You can't really compare the Peloton membership to what local studios charge and say it's a good value. For one, studios provide the bike, so there's an extra $2k, plus weights, overhead, etc. Peloton should be way cheaper than a studio.
I actually think it would be interesting to break that down further one day and see when you would hit a breakeven point. Obviously remote vs. in studio are completely different environments, but when would the investment of 2k +$40 monthly break-even with a studio type class that charges $30-$35/session? Lots of variables at play too, like how often you would actually use it.
Very interesting and hadn't really thought about it until your comment.
Thing is that breakeven point will be different for everyone. I mean if all you do an all you will do is cycling classes than breakeven will be way different than my family.
My wife and I are members at Lifetime, it's about $220/month for both of us and that includes unlimited classes, including cycling. This is also the most expensive Lifetime tier as we're in Houston and the only option that's convenient to us. If we were in a suburb it'd be a decent amount cheaper. My wife will also be losing other classes she takes, but isn't too worried about it because she can make up for them with peloton available replacements and the vast majority of her classes are cycling.
Then there is me. I'm training for an Ironman so have to have a pool. That was included in my Lifetime membership, obviously. We joined a new local swim club so I have a pool now, but there's an additional monthly expense to add onto the Peloton membership and bike.
So we're going from $220/month to $120/month plus the cost of the bike.
And I'm losing the weight room part of the gym and making do with what I have at the house, having a treadmill if I wanted or needed one, the hot tub and sauna/steam room that I used weekly, etc.
Again, we don't regret our decision. But in no part of our decision making process was because it's cheaper or a better value. It was simply because it's more convenient.
