Peloton Australia has forged an agreement with leading Australian buy now pay later (BNPL) provider, Zip to increase access to its fitness products.
Australians can now benefit from a financing option through Zip on new purchases of the Peloton Bike and Bike+, as well as the newly launched Peloton Tread. Through Zip Money, shoppers can enjoy 43 months of interest-free payments, and credit limits of up to $10,000. Customers also have the flexibility to spread out the cost of their purchase over a customisable payment schedule.
Zip Australia and New Zealand CEO, Cynthia Scott said, “We are thrilled to announce our partnership with Peloton in Australia and offer Zip customers a flexible and transparent financing option for Peloton’s products. By giving customers the ability to achieve their fitness goals in a way that best suits their financial needs, we are giving them the confidence to spend on the things that matter most to them.
“This is also incredibly timely, with shifts in spending habits and preferences in a post-pandemic world becoming the new norm. For many, that means incorporating online workout subscriptions and at-home sports equipment into their fitness routines, over traditional gym memberships.”
Peloton Australia country manager, Amanda Gilmore added, “Peloton’s mission is to help people be the best version of themselves by making it easier to access world-class fitness and wellness content, removing many of the physical and mental barriers to exercising. Australians will now have the opportunity to purchase our leading connected fitness products using Zip Money giving them the opportunity to buy now, pay later.”
Peloton’s interactive fitness platform offers a range of workouts, including cycling, running, strength, yoga, and more. Combined with its hardware and entertainment-led content, enables customers to access live and on-demand classes and track their progress.