I love my Peloton Bike—which I got directly from the at-home fitness giant in 2021—and anyone who knows me will tell you that. As of today, I'm on an 89-day streak of consistent, daily use (though a small portion of that streak is made up of other Peloton offerings, like walking, stretching, and meditation classes).
While we were discussing this post, Lifehacker's senior health editor Beth Skwarecki made an excellent point: There are simply fewer to buy new Pelotons, given how many are out on the market now and the fact that the Peloton Bike itself hasn't changed much since its debut. Many of the company's newer innovations are software-focused, not hardware-focused. You can upgrade your operating system, download Peloton's apps, and continue to engage with the content, games, and classes it's still continually rolling out—all with machines that already exist.
You can save a lot of money, fight consumerism, and still access a great product by buying used, provided you use a safe, trusted platform to do it. And Peloton agrees: The company announced recently that it's launching its own resale platform.
I'm a proponent of buying used stuff: I love saving money, renewing my wardrobe, and selling my own things to get money to get new—or new-to-me—things. Still, I understand that some people have hangups about owning, wearing, or using items that once belonged to someone else. Break free of the limiting mindset of capitalism, my friend. Save your coins. You can absolutely obtain a quality piece of used equipment that looks and functions similarly a new one.
How to find good used at-home workout equipment
I don't recommend using Facebook Marketplace or Craigslist if you're specifically buying Peloton equipment. There are too many horror stories out there of buyers not being able to log into the devices with their own accounts because the machines are registered to someone else. Some people even report that there are fake bikes and machines on the market.
If you're looking for a more formal, managed experience or seeking a Peloton instrument, use a trusted platform that can act as an intermediary and keep everything on the up-and-up. Try Trade My Stuff, an online marketplace at the forefront of at-home gym equipment resale. There, you can get a Peloton, a Bowflex, or even a sauna. The platform offers some security, providing delivery and working with you on the transaction.
Shayne Boyle, a Peloton Bike user who purchased a used treadmill, tells me that his experience was surprisingly robust: The delivery driver traveled hours with the treadmill, even toggling on his location so Boyle could track the machine's progress to his house. Trade My Stuff offers an optional 12-month warranty to protect the equipment. If anything goes wrong, you'll get a replacement machine within a week. Yes, you're paying a delivery fee, but it beats being ghosted by a scammy Craigslist seller.
What to keep in mind when buying used fitness equipment
When I'm using resale apps to shop for a specific accessory or clothing item, I play a bit of a waiting game. I know its retail value, what I'm willing to spend, and the condition the item will likely be in if it aligns with my personal budgeting goals, but I also know there are people out there who just want to get rid of something as fast as they can and may be willing to sell me a piece in great condition for a low price if I just wait it out.
Don't forget that Peloton charges $95 to activate used bikes and other equipment. That price is coming down to $45 soon, but it's still a factor you need to budget for. (On Trade My Stuff, you can use discount code ACTIVATE4FREE to trigger a $95 rebate that will cover the fee.)
No matter what, communicate extensively with your seller. In my experience, if someone is unwilling to send more photos or answer questions, they're hiding something or otherwise just aren't great at customer service. Even though you're paying less than retail, you're still paying, so you have the right to deal only with sellers who are willing to play ball. Ask for videos, details, and pictures. If you're getting slow responses or a weird vibe, move on to the next. There are thousands of listings out there.
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