'Peloton Adds Financing Option With Citizens Pay In The United States (Affirm Also Still Available)' - Pelo Buddy
Portfolio Pulse from Benzinga Newsdesk
Peloton has introduced a new financing option for its customers in the United States through Citizens Pay. This is in addition to the existing financing option through Affirm. Unlike Affirm, which provides loans for specific purchases, Citizens Pay offers a revolving line of credit that can be used for multiple purchases. The financing terms range from 12 to 43 months, with an APR of 0% for the 12-month term or 4.99% for the longer terms. A hard credit check is required for Citizens Pay, which may impact the customer's credit score.
July 11, 2023 | 8:41 pm
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POSITIVE IMPACT
Peloton's new financing option through Citizens Pay could potentially attract more customers by providing an alternative to Affirm's loan-based financing. This could have a positive impact on Peloton's sales and revenue.
The introduction of a new financing option could make Peloton's products more accessible to a wider range of customers, potentially leading to increased sales and revenue. The impact on the stock price will depend on how well this new financing option is received by customers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100