Peloton made two minor changes to their Affirm financing options overnight. Peloton also added a Black Friday Sale to the Peloton Row.
The first change is that the new Peloton Row can now be purchased using Affirm financing. When the Peloton Rower was released in September, there were no financing options. You had to pay the whole amount upfront.
There were reports suggesting that Peloton was considering adding financing.once the presale was over. After delivery began last week, Peloton made the official announcement and added financing options.
A second change in financing is that Peloton has reduced the interest rate for all products with Affirm. Before August, you could get 0% financing regardless of how long your loan had been. The interest rates increased from 0% to 14.99% starting in August if you selected any length other than 1 year.
Peloton has reduced the interest rates for those with a term of 43, 39 or 24 months. Peloton & Affirm has changed the interest rate on loans from 14.99% down to 4.99% – a 10% drop. This new interest rate is applicable to all products and not just Peloton’s Rowing machine.
Will you be interested in buying Peloton’s Row now that many financing options are available?
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