Peloton is now offering financing on their refurbished bikes (also known as certified pre-owned bikes). Peloton sent an email to customers announcing the news:
Introducing financing for Peloton Certified Refurbished Bikes and Bike+. Peloton’s most cost effective bike options just got more flexible payment options – with $0 and as low as 0% APR for 12, 24, 39, and 43 month terms.
Financing was previously unavailable on refurbished bikes. Now, refurbished bikes appear as an option on the Peloton Financing page (affiliate link).
When purchasing a refurbished bike, customers now have the option of paying with financing via Affirm. In the United States, a refurbished Bike retails for $1,145, which is $300 less than the price of a new Bike. A refurbished Bike+ retails for $1,995, which is $500 less than the cost of a new Bike+.
Peloton officially launched their Certified Refurbished program in December of 2022. Refurbished Peloton Bikes come with a standard one-year warranty, with an option to purchase an extended warranty down the line. All sales of refurbished bikes are final.
While Peloton has added financing for one of their products, they’ve removed it for another: the Peloton Guide. The device support page has been updated to state that financing is no longer available for the Guide.
In February of 2023 Peloton permanently lowered the price of the Guide in the U.S. from $295 to $195 – a $100 price reduction.
Moving forward, customers who purchase the Guide will not have the option to sign up for a payment plan and will have to pay full price for the device.
Support the site! Enjoy the news & guides we provide? Help us keep bringing you the news. Pelo Buddy is completely free, but you can help support the site with a one-time or monthly donation that will go to our writers, editors, and more. Find out more details here.
Get Our Newsletter Want to be sure to never miss any Peloton news? Sign up for our newsletter and get all the latest Peloton updates & Peloton rumors sent directly to your inbox.
Leave a Reply