Clark Biweekly 10 31 24

Have your eye on a Peloton but the cost is just out of reach? Good news! One of our favorite stores will be selling them for 3 months. Find out which store and what the mark down is later in this email.

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šŸšµ Surprise: Costco To Sell Peloton Bikes

Peloton is turning to an unlikely source to save its sales. Thatā€™s right: Costco, baby!

Starting tomorrow, Costco will sell Bike+ in 300 of its U.S. stores for $1,999 and on Costco.com for $2,199. The deal will last 3.5 months.

Yes, thatā€™s quite expensive for a glorified stationary bike (with software attached). But itā€™s also marked down from the typical price of $2,495. The deal also includes a 48-month warranty, four times the typical Peloton warranty.

Since a high point during the pandemic, Peloton has tanked, leading to a string of negative headlines.

According to CNBC, the exercise company is banking on young, affluent customers to buy via Costco. Roughly half of Costcoā€™s new memberships in 2023 came from people younger than 40 years old. And 36% of Costco members have a household income greater than $125,000.

šŸ“Š Stat of the Day
šŸ’°ļø Deal Alert: Todayā€™s Top Deals
Walmart
Lowes
šŸŽ™ļø Podcast

Saving money for college isnā€™t always easy. Clark explains why he loves 529 plans ā€“ and the number one mistake people make when choosing a 529 plan. Also, car insurance has been crazy expensive for the last few years. But thereā€™s finally good news for our wallets!

ā˜Žļø Need Money Help?

The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information.

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