It’s a new year, and for many, that means a new commitment to fitness. In the past, gym memberships would always spike like crazy
in January of any year. But this year, with the COVID-19 pandemic, fitness at home is the big new trend. And in that space, one brand stands out from the rest: Peloton
Have you recently purchased a new Peloton system? If so, you’re not alone. Sales for the company jumped 66%
thanks to the pandemic! But with your new purchase, you’ll want to be sure to protect it with the smartest extended warranty
you can get. Even high-end brands like Peloton carry some risk, considering all the cables, belts, electronics, moving parts and high-stress points involved.
That said, some readers might not be familiar with Peloton. Below, you’ll find an introduction to Peloton and a few of their flagship products. Then you’ll see a guide for how to choose the best extended warranty for your Peloton.
Introduction to Peloton
For a company that’s become a household name in fitness, Peloton has not been around that long. The company began just a few years ago in 2012, and it launched its first fitness bike in 2014. It didn’t take long for the company to skyrocket to success.
What makes Peloton different from other stationary bike makers is the included interactive screen. This impressive innovation allows riders to participate in real, instructor-led fitness routines, all from the comfort of home. In short, Peloton gave its riders an at-home spin class experience without having to go to spin class.
And the bike isn’t bad, either: it’s a premium piece of hardware tied into a premium ecosystem.
More recently, Peloton has expanded beyond its stationary bike roots. The company introduced Peloton Tread
and Peloton Tread+
, which both elevate the treadmill experience in many of the same ways as the bike did.
Extended Warranties for Peloton Systems
If you’re looking for an extended warranty for your Peloton
system, you have a few options. Probably the most visible is the company’s own program, which it will try to sell to every new customer. Upsie offers a very competitive alternative, as well. Here are the highlights of both Peloton’s and Upsie’s extended warranties.
Peloton’s Extended Warranty Program
The manufacturer warranty from Peloton lasts 12 months. Peloton’s extended warranty program allows you to extend that stock coverage for either an additional 12 or 27 months. The 12-month plan costs $145 for Bike and $175 for Bike+, while the 27-month plan runs $185 or $230, respectively. Peloton will allow customers to purchase this extended coverage up to 12 months from their purchase date.
On the Treadmill side, the Tread+ extended warranty runs higher at $270 for 12 months and $325 for 27 months. Curiously, Peloton does not advertise prices for the extended warranty on the lower-priced Tread model, but it is likely in line with the Bike+ prices.
For this considerable cost, you get fairly standard coverage: all parts and labor for covered repairs, which include mechanical and electrical breakdowns, “failures from normal wear and tear related to a breakdown,” and power issues (including from power surges). The coverage specifics get complicated fast
Upsie’s Extended Warranties for Peloton
Upsie, in contrast, offers Peloton extended warranties
that are straightforward in terms of coverage. The company covers defects and failures throughout the device, including both the mechanical components of the bike and the electronic components of the bike and screen.
Coverage clearly includes pedals that break due to defect, as well as ball bearing replacement (a commonly needed repair). Upsie offers in-home repair on Peloton products as well.
Upsie allows Peloton owners to begin extended warranty coverage up to 11 months after purchase.
cover either three or five years, extending coverage past what Peloton offers. Customers can pay in installments or all at once, and coverage for a Peloton Bike
at its current price runs just $122.86 for three years (almost a 50% savings vs the Peloton warranty) and $200.56 for five (a term not offered by Peloton).
- Peloton Tread (three years): $141.75
- Peloton Tread (five years): $231.44
- Peloton Tread+ (three years): $198.46
- Peloton Tread+ (five years): $324.00
All 4 options provide substantial savings over the warranty offered through Peloton.
Upsie: The Best Warranty Coverage for Peloton Systems
No matter how you slice it, Upsie’s extended warranty coverage for Peloton systems is impressive. You’ll pay less for longer coverage durations, and the coverage is more straightforward and upfront.
Learn More About Peloton Warranties: