Peloton is expanding their bike rental program to Canada. Originally called the One Peloton Club, Peloton’s bike rental program allows members to rent a Bike and bundle the cost of the hardware with the monthly subscription fee.
Peloton announced the news via press release:
After initial success in the US 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.
Customers in select Canadian provinces can rent the original Peloton Bike for $129 CAD per month, and can rent the Bike+ for $169 CAD per month. The monthly All-Access Subscription that is required with any hardware purchase is included in this monthly rate. Note that there is also a one-time $250 CAD set-up fee for both the original Bike and the Bike+.
The Peloton Rental Program FAQ page has been updated to include Canada – it previously only indicated that the program was available in the continental United States. The expansion of the One Peloton Club to Canada also suggests that additional markets – such as the United Kingdom, Germany, and Australia – could be on the way as well.
As a refresher, the details of the Peloton Rental program are as follows:
- Peloton Rentals are currently only available for the original Peloton Bike and the Bike+; it is not available for the Tread or Row.
- Upon joining, each member will enter into a One Peloton Agreement, which can be canceled at any time.
- Upon cancellation, members will need to schedule a time within 30 days for Peloton to return and pick up the Bike/Bike+. The member will also lose access to all Peloton content at the end of the monthly period at which they canceled. If the member does not schedule a time for Peloton to pick up the Bike within 30 days of cancellation, they will continue to be charged their monthly fee.
- At any time, members can purchase their Peloton Bike/Bike+, otherwise known as a buyout. Members will be able to determine their buyout price in their Peloton Rental agreement.
- Peloton will honor the Limited Warranty for the Bike/Bike+ for the duration of the term set out in the One Peloton Club agreement.
- The offer is not open to current members, or members who have had an All-Access membership in the past year.
Peloton’s rental program was first launched in 2022 and underwent a number of changes relatively quickly. The program began in a small number of test markets before soon expanding to additional states. Peloton later expanded the program to the continental U.S. and made sign-ups available online.
You can learn more about the Peloton’s bike rental program expanding to Canada via the press release and support page.
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