Peloton extends free home trials to 100 days from 30

If you have been thinking of getting into the Peloton wave, perhaps now is the best time to do so. The company now offers three-times longer trials for its products.

However, to benefit from the offer, you must move fast because the extended trial applies only to purchases made between March 3rd and March 22nd. It applies to the Peloton Bike, Bike Plus, and Tread.

It means you can purchase a new Peloton device and try it for 100 days, more than three months. If you do not like the machine, you can return it and get a full refund. You won’t even pay for the return as Peloton will pick up the device for free and also pay the shipping costs.

Meanwhile, the fine print says the free return is not available everywhere. If you live in a remote place, you are out of luck. Remote places, as defined by Peloton, include Alaska, Hawaii, Puerto Rico, and the US Virgin Islands. Also, if you order from locations only accessible by a ferry, you can’t participate.

Other conditions include upfront payment. However, if you qualify for financing, you must pay the first installment.

Note that Peloton introduced a $250 delivery charge to all Bike, Bike Plus, and Tread on January 31st, which still applies.

The trial starts when you take delivery of your Peloton device, but you will get access to the Peloton app immediately after your order is confirmed.

Peloton has done extended trials before. For instance, at the beginning of the pandemic, Peloton did the same thing, although the trial was 10 days less. The strategy worked because it encouraged many people that could not use their gym membership to get home exercising equipment. As a result, the company became a household name. The circumstances have changed now, but the move should help drum up interest in the company’s product.

However, Peloton is facing its struggles. The boom in sales prompted Peloton to expand its manufacturing capacities, which helped it to fulfill orders. However, the company did not see the drop in demand as pandemic restrictions began to lift from place to place. As a result, Peloton was sitting on lots of stock, and there was a rumor that it had to stop production to deal with the excess inventory. However, the company’s co-founder and former CEO, John Fenley, denied the over-production claims. But this contradicts what chief financial officer Jill Woodworth said about Peloton having higher than usual inventory. She also said Peloton introduced the $250 delivery charge to improve profit margin.

Hopefully, this latest trial extension will convince potential buyers that may be wary of the company’s financial situation. However, Peloton has put in place a strenuous restructuring plan.

Written by HackerVibes

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