Peloton PTON Beginning Wednesday, its core bike will cost $1,895 — a $350 reduction — with the monthly financing rate dropping $9 to $49 a month. With a slightly more attractive price point,wants to maintain its blockbuster year and enlist new members even as gyms across the United States reopen. Peloton is also moving upscale with a new model, called the Bike+. The screen can also be tilted so customers can do floor workouts with its new, full-body classes launching September 15. Existing members can trade in their working bikes for a $700 credit to use on the Bike+.

Source: CNN September 08, 2020 12:33 UTC