[ddek]

> hope either they or the underwriter collapse shortly after

Has this ever worked? Surely the administrator would just sell the debt at a discount (for them, not you).

[dmurray]

If Peloton collapse, they would stop providing their cloud product and you presumably wouldn't be on the hook to keep paying them, and they might not ask for the bikes back. If you only want the physical equipment, this might work out for you.