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I literally said "Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one" > new ones are more appealing t
by KennyBlanken 2y ago
I literally said "Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one"
> new ones are more appealing to purchasers if their resale value is high.
The kind of people dropping $1.5k on a spin bike to pay $45/month for a glorified youtube don't care much about resale value.
- mhb 2y agoI read what you wrote. But that's not how economics works. You don't base your conclusions on actors at the extremes - the people who wouldn't buy a used one at any price (do these people actually exist?) and people who would never buy a new one. Peloton cares about the price of used Pelotons because they understand that economics regards the decisions made by the marginal consumers - the ones who would buy a new one if the resale value of used ones was $1 higher.
- drivingmenuts 2y ago> do these people actually exist? Yep.