Peloton Rental Program Launches in Canada
Posted: April 26, 2023 in Chains
Peloton
CANADA – After initial success in the U.S. market in 2022, Peloton is expanding its Peloton Rental program, which includes Peloton Bike and Bike+, to the Canadian market, effective immediately. This low upfront cost, highly flexible option makes the brand more accessible, allowing potential future Members the opportunity to experience Peloton with no long-term commitment.
Canadians in select provinces will be able to rent month-to-month starting from $129 CAD/month for the original Peloton Bike and $169 CAD/month for the Peloton Bike+. Both monthly fees include the cost of Peloton Membership, which offers access to Peloton’s entire library of live and on-demand classes across 14 fitness modalities including strength, yoga, meditation, cycling, running and outdoor content.
“We take incredible pride in offering a world class fitness experience to our Members through both our hardware and software,” said Daegan Benison, General Manager, Peloton Rental. “The Peloton Rental program is a value-conscious option for which we’ve found success in the US, with 60 percent of renters telling us they would not have joined Peloton without this flexible offering. Expanding into the Canadian market was a natural next step as we continue to grow the rental program and make our brand accessible to new audiences.”
How it Works:
The Peloton Rental program is available to Canadians in all regions to which Peloton currently delivers. There are free returns at any time. Program participants can choose to continue renting indefinitely or buy out the Bike/Bike+ at any time during their rental period.
Current rental pricing is:
- Peloton Bike and Membership: $129 CAD/month + $250 one-time set-up fee;
- Peloton Bike+ and Membership: $169 CAD/month + $250 one-time set-up fee.
