Only speaking from personal (and expensive) experience but I find that any home exercise equipment gets used for about 3 weeks then gts ignored, mostly because it’s so boring.
I find I get far more exercise and got far fitter by getting out and making use of what’s around me, like going running, only using the stairs at work (I do work on the 12th floor though, which probably helps), stuff like that.
A reasonable pair of trainers might cost slightly more than that exercise bike but I bet you’d get more use out of them.
The whole world is a gym if you approach it the right way so save some money and use it.