Hacking The Used Peloton Market
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Author: Sydney Kaiser, CPT
When you think of home gyms, Peloton probably comes to mind. Exercising at home is convenient, and connected fitness brands, like Peloton, have paved the way for people to get a gym-like experience from the comfort of their homes.
Peloton attracts its members by offering premium equipment, arguably one of the best subscription training services, and access to a tight-knit community that can make even an antisocial person want to compete on the coveted Leaderboard.
We know the weight its popularity holds, but do you really have to pay thousands of dollars for a brand-new bike, treadmill, or rower embossed with Peloton's branding?
No, you don't. Buying a used Peloton Bike or other equipment is a great way to enter the fandom for a fraction of the price.
But is it worth it to buy a pre-owned Peloton online, or is it too risky? With Trade My Stuff, it is worth it, without the risk.
The Benefits of Buying a Used Peloton
Of course, affordability is the main appeal of purchasing a second-hand Peloton.
Save Money
Unless you have copious amounts of money, buying Peloton equipment starting at $499 versus the original Peloton Bike price of $1,445 is a lot more appealing to budget-conscious buyers. Plus, even a refurbished bike at Peloton is still $1,145, and that's the low-end cost of Peloton's equipment. The high-end Tread+ is about $6000 new.
You're probably thinking, "Yeah, but for that much of a discount, how do I know I'm not buying a hunk of Peloton-branded junk?"
That's where Trade My Stuff comes in.
Peloton equipment bought and sold through Trade My Stuff has less than 150 uses to help ensure you're getting like-new quality while saving hundreds, potentially thousands.
Same Quality for Less Depreciation
The Peloton Bike, Bike+, Tread, Tread+, and Row are premium home fitness equipment that are among the top compared to other home fitness brands. The Bikes and Peloton Row are incredibly smooth, practically silent, durable, and made of high-quality materials.
The Treads are sleek, high-powered, and extremely functional, with quick-adjusting motors and roller dials streamlined for runner convenience. The Tread+ also has a slat-belt design and the belt disengages from the motor for training options beyond what most treadmills, even in public gyms, offer.
Like buying a new car, the moment you set up your new Peloton and put in that first workout, the value of your machine automatically decreases. When buying used, you get the same features and build quality without the steep initial depreciation.
Affordable Peloton Options for Beginners
A pre-owned Peloton is an affordable way for beginners to try out the phenomenon while paying significantly less up-front cost. If, after a few workouts, you decide that Peloton isn't for you, you can turn around and list your gently-used Peloton for sale through Trade My Stuff, too. Less stress, less hassle, less risk.
A Peloton Discount for Families and Individuals
A used Peloton Bike, Tread, or Row makes getting and staying in shape cheaper for busy individuals and families. Peloton's All-Access Membership allows for multiple profiles under the same membership for $44 per month—much less than a gym membership for one person.
This price might seem pretty steep, but it's comparable to other subscription training services offered on connected fitness equipment, as well as some workout apps.
Peloton is one of the best when it comes to trainer-led workouts, and this is coming from someone who has used all of the main training apps and platforms. The lineup of celebrity instructors has significant followings, extensive exercise knowledge, and diverse energies that can inspire most people to get up off the couch and sweat.
Now, if following along with a workout instructor isn't your thing, there are streaming apps like Netflix that allow you to watch TV shows and movies from your Peloton machine while exercising. Peloton's Lanebreak is also available. Lanebreak is a gamified workout feature that’s kind of like playing Guitar Hero on your bike or treadmill.
Keep in mind that all of this requires Peloton's membership.
Do you have to subscribe to Peloton's All-Access Membership to use the equipment? No. A general screen that tracks your workout metrics is available when you buy a Peloton, used or new, along with a few pre-recorded trainer-led workouts. Just press the "just ride" button and get your metrics on the screen while using the bike without any subscription.
You can absolutely use your Peloton without a membership. However, with the crisp 22-inch (up to 32-inch) touchscreen on all of Peloton's machines, a big reason to buy equipment from the brand is the tech features and streaming content, which you can enjoy by lessening your initial cost when you buy used.
Eco-Friendly Fitness
Purchasing a second-hand Peloton can help reduce waste and the demand for new machines.
Additionally, a piece of equipment from a brand like Peloton can last up to 5-10+ years with proper care and maintenance. This means that if you buy a lightly used bike and take good care of it, you could ride it for years. Talk about a high return on your investment.
Now, before you buy a pre-owned Peloton, there are some things to know.
How to Buy a Used Peloton
When you find a Peloton for sale on Facebook Marketplace or Craigslist that you're interested in, get photos and videos of the equipment working. It's also a good idea to ask for the serial number to check on the Peloton app how many workouts the machine has had.
You'll want to ask the seller when they purchased the Peloton and if it has an extended warranty after April 5th, 2022. This is the only warranty option from Peloton that can transfer from owner to owner.
If there isn't an extended warranty from Peloton, don't worry—Trade My Stuff can help with a warranty on a used Peloton.
If something goes wrong with the bike under the Trade My Stuff warranty, they either send a technician to fix the issue, or replace the entire Peloton. Unlike a typical insurance provider (e.g., Allstate) that you may find on platforms like eBay, Trade My Stuff has the inventory to not just refund your order, but replace it with equipment that you love.
Purchasing Used Peloton Equipment with Trade My Stuff
Even after following these guidelines, you still have to endure the headache of driving to the seller, loading the equipment, and getting it set up in your home.
Trade My Stuff offers a white glove delivery service, setup, and a 12-month extended warranty option. Their trained movers install and assemble the equipment hassle-free. The delivery guarantee, included with every purchase, offers you the opportunity to test out the equipment to make sure it’s as expected and working properly. If anything is broken, Trade My Stuff replaces the item for you.
Trade My Stuff takes the stress out of buying and selling a large (and heavy) machine. Plus, Peloton's full accessories are available to buy for much less than on the Peloton website, so you can get the full Peloton experience starting at just $49 for the mat, $79 for the special shoes with cleats to clip into the pedals, and $29 for a set of weights to go on the bike.
And remember, if it isn’t for you, you can turn around and sell your used Peloton hassle free or trade it in for another piece of high-quality used fitness equipment with Trade My Stuff.
Let Trade My Stuff take the hassle out of getting a deal on a Peloton, and start your fitness journey with confidence and extra money in your pocket.