VanEck CEO Jan van Eck says the era of attractively priced goods and services is over.
Peloton customers will start paying more for the fitness company's original Bike and Tread products at the end of the month.
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Beginning Jan. 31, Peloton will charge a $250 delivery and setup fee for its original Bike and a $350 delivery and setup fee for its original Tread, according to a banner on its website. The delivery and setup fees were previously included with purchase of the machines.
The increases will bring the costs of the machines to $1,745 and $2,845, respectively. Financing options will be available for eligible customers starting as low as $67 per month over 43 months at 0% APR. Additional delivery fees may apply outside of the continental United States.