In the early days of the pandemic, home gym equipment was so popular that stores couldn’t stock it. Now, two years later, all the extra equipment in people’s homes pays dividends: Buying a used Peloton bike has never been easier, as some buyers prefer to go back to their local gym or studio for cycling classes rather than continue working out at home.
Of course, there are still plenty of people who have become converts to exercise at home. There are still plenty of people who want to take their workouts home – as long as they have equipment at their disposal.
The latter group is in luck: used Pelotons are “flooding the market,” Katie Pierson, certified personal trainer, certified Spinning Elite trainer, and contributor to girlbikelove.com, tells SELF. “A lot of people are realizing, ‘Hey, I don’t use enough, it’s a pretty big investment, and now I can go back to the gym and use theirs.'” That means bikes — a lot of people have to do Waiting a few months to buy new during the pandemic – now you can always buy used.
“This could be a good time to find a used Peloton,” Pearson said.
Due to a shift in the market, in some cases, “you can get a nearly brand new bike for a fraction of the cost of buying a brand new bike,” Darci Revier, DHSc, National Athletic Training Teachers Association (NETA) Director of Education and Missouri NETA Certified Cycling Instructor CSCS tells SELF.
This is huge because Peloton bikes are expensive purchases. A new Peloton Bike costs between $1,445 and $1,985, depending on the accessories (if any) you choose to buy. The new Peloton Bike+ (essentially an enhanced version of the original bike with a wider screen, higher-quality speakers, and automatically changing resistance) costs between $1,995 and $2,535, depending on accessories. Add in the $44 per month course membership, and your annual membership adds up to over $500.
That said, not all used Pelotons are very good deals. Before buying, it’s important to do your research and ask your buyer certain questions to ensure you end up with a quality bike at a reasonable price – forany recommendation to buy a used bike, whether it’s a Peloton or not. It’s also important to know what comes (and doesn’t) with your bike and what your options are if something goes wrong. In the future, all these details and more. Consider this your go-to guide for buying a used Peloton bike.
Where can I buy used Peloton bikes?
First things first: As of now, Peloton does not have an official used bike buying program and the company does not sponsor or endorse any used market. But you can buy used Peloton in many places, including online options like Facebook Groups (Peloton Buy Sell Trade Group has over 208,000 members), Facebook Marketplace, VarageSale, OfferUp, eBay, and Craigslist.