If you’re thinking about buying a Peloton Bike or Bike+, a used one may be right for you? Here’s everything you need to know about buying a used Peloton Bike or Bike+. And by the way, this article is regularly updated to show prices in the market, with the most recent update in February 2023.
This is what you need to know before buying a used Peloton Bike or Bike+:
- The overall condition of the Bike
- The version of the Peloton Bike (Gen 1, 2, or 3) or Bike+
- The price of the Peloton and what is a good price
- How often has the Bike been used
- Where the Peloton’s been kept and used
- The location of the Bike relative to you
- Accessories that come with the Peloton
- How many owners the Bike’s had
- What the seller must do before you take the Peloton home
Read on to find out how to save money and avoid waiting for a new Peloton Bike or Bike+ to be delivered and exactly what to ask so you buy the right Peloton Bike at the right price!
You can buy another brand of exercise bike for less, and you can even sign up for a Peloton App subscription too, but it’s not the same, so buying a previously owned Peloton Bike or Bike+ can be a great idea.
As the Peloton business started in 2012, there are plenty of used bikes on the market as people either upgrade or decide they no longer need theirs (I don’t know why they’d think that), but they do sell fast!
Most people look after their bikes, so they are in excellent condition, but that’s not always the case, so read on to find out the answers to all of your questions about the best and safe way to buy a second-hand Peloton Bike or Bike+.
Pros and Cons of a Used Peloton Bike or Bike+
- May have accessories
- Advice from the previous owner
- Wear and Tear
Where to Find a Used Peloton Bike or Bike+
There are various places where you’ll find used Peloton bikes locally, nationally, and even internationally. You may live in a Country where Peloton doesn’t currently sell new bikes, but you still want one.
Local Online Marketplaces
First, I suggest you check out local Marketplaces like Craigslist, Facebook Marketplace, and Gumtree in the UK.
The significant benefits of buying locally are it’s quicker and easier to see the second-hand Peloton Bike or Bike+ in person and talk to the seller face to face, it’s also easier to take it home too, or less expensive if it’s being transported for you.
National and International Marketplaces
You’ll find that websites like eBay have Peloton bikes for sale, and there are many choices, so sorting them based on location and prices can be beneficial.
And Peloton even has its own eBay store now, and if you buy from them, they give you a 1-year warranty too.
This is also a great way to buy a bike if you live in a country where Peloton doesn’t currently sell them because it may not be that far away, depending on where you live.
The Peloton Buy Sell Trade (BST) Facebook Group
This Facebook group isn’t operated or associated with Peloton. Still, with over 160,000 members, it’s probably the place with the most bikes for sale at any one time, from the first versions up to virtually new ones. It’s also a great place to find Peloton accessories and the Tread.
You can also find bikes for sale in other Peloton Fan Facebook groups, and you can ask people in a local group if they have one for sale too.
If you know somebody who’s about to upgrade their pre-loved Peloton or just isn’t using it, like a friend, neighbor, or even a family member, this can be a great way to buy a nearby new Peloton Bike or Bike+.
Knowing the Bike’s background and the person selling it can be a real benefit and reduce the risks generally associated with buying something second-hand.
What to Look Out For with Used Peloton Bikes
As Peloton bikes are so well made, there’s very little excuse for them not looking and operating almost as good as new.
But there are a few key things you should be sure to look for when buying a used Peloton Bike or Bike+.
First, ensure you’ve looked at pictures of the type of Peloton bike the seller is offering and watch some videos, too; this way, you know what the Bike should look like. Unfortunately, some people have tried to sell a bike, claiming it’s a Peloton when it’s not.
If you can see the second-hand Peloton Bike in person, be sure to do so. Seeing the Bike in person will mean you can check for yourself for any issues with the Bike which aren’t evident from pictures or videos; it also gives you a chance to see where the Bike has been kept and the general environment too – it’s a metal item with electronics, so moisture and significant temperature variations are not ideal for it.
A second-hand Peloton might have issues that can be repaired once you purchase the Bike. So, if there are any broken parts or faults, you could still buy the second-hand Peloton bike if you wanted and repair the parts yourself, or get Peloton to come and fix it, which is an option, but negotiate hard if that’s the case.
Either way, take a close look at these key features listed below so that you can evaluate the condition of a used Peloton Bike you’re thinking about buying.
And if you can’t see the second-hand Peloton Bike or Bike+ in person, ask the seller to take a video showing you these things in detail. This is also a way to protect yourself from scammers claiming to have a bike when they don’t or are not 100% honest with their descriptions and images.
First Impressions and Physical Checks
The Peloton Bike and Bike+ make an impact, and people who see mine are always impressed but look at the following things:
Is the used Peloton Bike or Bike+ clean? Not just on the surface but in all the hard-to-reach points too.
Is the Bike stable, and can you turn the stabilizers underneath the front and back of the Bike?
Is the paintwork good and generally mark-free?
Check that the used Peloton Bike screen is properly working and has no glitches or dead pixels.
If viewing the Bike in person, turn the screen on and off, ensuring that it functions well; you can press different screen parts and check the camera and the volume buttons and sound.
Try out the Bike, if possible, to see if the resistance is effective in different settings.
There’s no need to do an entire class, but maybe a 5-minute warm-up is good. But so too is trying the resistance at varying levels like 25, 50, and 75 to make sure these work as you’d expect, with a noticeable difference between each, and that the change is smooth and progressive.
Also, the movement as you pedal should be very smooth and quiet.
And as you pedal, make sure the information on the screen, like cadence, resistance, and output, display, and change as you’d expect.
Ensure the pre-owned Peloton Bike or Bike+ pedals are in good shape and that they adjust OK with the screw at the rear.
Get a good look at the pedals to check for any damage or if they are loose, as this could be hazardous when you’re riding.
Minor marks and scuffs should be OK and expected, but they should rotate freely and clip in and out easily.
If the Bike uses another brand of pedal or toe cages, check those too similarly.
The Handlebars and Seat
Check that the handlebars are in good condition and the grip is not damaged or excessively worn.
You also need to raise and lower the handlebars; this should be possible, but it’s not necessarily smooth for good reason as it needs to be secure.
And on that note, also check the locking mechanism works too.
On the seat, check the overall condition and the movement forward and back, including the locking mechanism.
Seats can be worn, but they shouldn’t be ripped or damaged but are easily replaced in a few minutes; in fact, many people don’t use the seat provided by Peloton.
The Drive Belt and Mechanism
It’s not easy to check the belt and drive mechanism in detail because of the safety covering, but the belt should look new and not slack around the front flywheel and the pedal crank.
Questions to Ask the Seller of the Used Peloton Bike or Bike+
Before you decide to buy a used Peloton Bike or Bike+, make sure you ask these questions to do as much as possible to protect yourself from scammers and potential issues in the future.
Why are you selling the Bike?
I know it’s simple, and you may not get the whole story, but it’s an excellent place to start, and you may find out things you otherwise could have missed.
Are you the first owner of the Bike?
If they are, that’s good as they know the entire history.
Also, ask if they have the paperwork from when they bought it. If not, still ask for paperwork as you can see the details.
How old is the Bike?
It’s a good idea to get an idea of the age of the Bike.
How many rides have been done on the Bike?
There’s no way to tell quickly, but one quick look at each of the user profiles and how many rides they’ve taken will give you an idea.
Do you know what version of the Bike it is?
There are the basic Bike and Bike+ models, but improvements were made to the Bike model over time, mainly related to the screen and internal computer parts, not the main bike frame and mechanics.
There have been three (3) versions of the Bike. There are improvements with each version, and you can tell which is which by checking the model number on the rear of the screen.
Generation 1 is model number QUARTZ or 001 and has a serial number starting 72010 and has a circular orange power button and was sold from 2014 to about 2016.
Generation 2 is model number RB1V1 and has red power and volume buttons
Generation 3 is model number RB1VQ, and grey power and volume buttons
I would suggest buying a generation 2 or 3 bike or a Bike+ as Peloton no longer supports the first-generation touchscreens as they do regular software updates with improved functionality and this older unit is not powerful enough for these. However, you can pay to upgrade the screen.
Where have you been using the Bike?
As I mentioned, the Peloton bikes are designed to be used in homes, not in commercial gyms and not outdoors, or even indoors in a pool area with too much moisture.
If the Bike’s been used and stored outside, be careful.
It’s worth finding out if the Bike’s been moved around frequently or relocated – this is not necessarily an issue but needs to have been done with care.
Does the Peloton Bike have any problems now, and has it had any in the past?
The reality is as good as they are, Peloton bikes can have problems, and things can wear out or be damaged.
Ask if the Peloton Bike has had any problems previously, and ask exactly what the nature of these problems was and how it was fixed.
Peloton has a service and repair team, so if you need help, parts, or want the experts to do things, they can help.
Are you selling any accessories with the Bike?
It’s not essential, but it’s nice to have accessories like weights, a bike mat, and anything else you may want to purchase as part of the deal, as this can be a good negotiation point and saving.
How do you accept payment, and do you offer a returns option?
This all depends on where you buy the Bike from, and some marketplaces and payment services, like PayPal, and some credit cards, too, have added protection, but it’s worth asking.
Ask the seller if you can return the Bike, too; you never know; you may not get on with the Bike or have issues you missed before purchasing, especially if you couldn’t see it and test it in person.
How did you pay for your Peloton Bike?
Depending on local laws, you need to be careful, so check if the seller paid in full for the Bike, has cleared any finance on it or if money is still owed.
If money is owed and the loan is secured to the Bike, be extra careful. You don’t want to hand over money only to find out somebody else has legal ownership of the Bike.
Do you have any prepaid subscription remaining, and will that be transferred if so?
Unlike a Peloton warranty, the owner can transfer any unused time or credit. But, again, it’s easy to do with the seller calling Peloton with your name and email details.
How Much Should A Used Peloton Bike or Bike+ Cost?
The price of a second-hand Peloton Bike will depend heavily on the Bike’s condition.
How old the used Peloton bike is or any potential damage will affect the price, as will the availability of new bikes and where it’s located.
It’s a market where supply and demand are the main factors, so significant savings are unlikely as it’s a highly desirable item, that’s why during the covid pandemic, prices were high, often even above new prices, but now they are more affordable.
Here is a price guide for used Peloton Bikes and Bike+ in good to excellent condition, and in some cases with accessories:
|Peloton Bike Gen 1|
(with screen upgrade)
|$500 – $600|
|Peloton Bike Gen 2||$600 – $800|
|Peloton Bike Generation 3||$750 – $1,700||£500 – £1,300|
|Peloton Bike+||$1,800 – $2,500||£1,400 – £1,800|
Many bikes are advertised above these guide prices, especially almost new ones, and a smaller number below, but this gives you a starting point for negotiation.
Paying for your used Peloton Bike or Bike+ is something you can agree with the seller. Still, a deposit via a service like PayPal is often typical, but always ensure you protect yourself, especially if you are not looking at or picking up the Bike in person.
Can You Transfer A Used Peloton Bike or Bike+ Warranty?
In short, the answer is no. It is impossible to transfer the warranty of a Peloton Bike or Bike+ from one person to another.
What happens to the warranty?
When you buy a second-hand Peloton Bike, the previous owner will have to disconnect their account from the Bike.
Once you have bought and registered your account with the used Peloton Bike, it will no longer be covered under the previous owner’s original warranty when they purchased the Bike.
Even if there were still warranty time left on the Peloton Bike, you would not have access to this warranty once the Bike’s original owner disconnects their account.
How will not being able to access the warranty affect me?
Because the warranty of a Peloton is non-transferrable, if something happens to your Bike, for example, if there is a fault or some damage appears, you cannot rely on the original warranty for the Peloton Bike.
So, when you buy a used bike, you will not automatically have access to Peloton technicians for free under warranty.
This is probably the most significant disadvantage of buying a used bike instead of a new one because new Peloton Bikes come with a warranty.
However, it is still possible for you to personally pay for repairs completed by a Peloton technician to your used Peloton Bike if something goes wrong!
It’s also possible to buy an extended warranty for the Bike.
Can You Buy an Extended Warranty for a Used Peloton Bike or Bike+ and is it a Good Idea?
You can buy an extended warranty plan for your used Peloton Bike.
I would say that Peloton products are very well made, but problems do occur, so whether a warranty is suitable for you is only something you can decide.
What’s the cost of an extended Peloton Bike and Bike+ warranty?
|USA (12 months)||USA (27 months)|
|UK (12 months)||UK (27 months)|
If you don’t have a warranty, a one-time appointment for repairs performed by a Peloton technician will likely cost you upwards of $200 or, in the UK, £95 to £145, depending on the specific problem with your Bike.
So, buying an extended warranty can save you money if you need a repair on a bike.
What does the warranty cover?
The extended warranty will cover any technical problems with your Peloton Bike and any breakdowns.
Under the Peloton Bike extended warranty plan, a Peloton technician will be available to come to your house and perform repairs for free.
However, the warranty does not cover any damage to the Bike’s appearance. This means that if your Bike gets scuffs or scratches, you will not be able to use the extended warranty to repair this.
You can see warranty details for Peloton USA Terms by clicking here
You can see warranty details for Peloton UK Terms by clicking here
Accessories and Other Things you Could Buy for a Used Peloton Bike
Once you get hooked, you’ll probably want to start treating yourself to new workout gear, maybe as a reward for hitting milestones, but to begin with, keeping things simple, so here’s what I suggest you buy:
You can buy toe cages and wear regular training or running shoes, but proper cycling shoes will give you much more feeling, help you improve your technique, reduce the risk of injury and improve the whole Peloton experience.
You don’t need something designed for riders on the Tour de France, but padded cycle shorts are well worth the money, and you can buy them easily from places like Amazon.
A Water Bottle
You’ll sweat as you ride, so staying hydrated is essential. And the fact there are two bottle holders on the Bike should give you a clue as to how essential this accessory is.
And make sure you have a towel handy when you ride too, but any old one will do to start with.
Other things like a bike mat, foam roller for after-ride recovery, and a yoga mat are nice but not essential, and I wouldn’t worry too much about weights to start with unless you want to do bike Bootcamp and strength training classes.
For a complete list of recommended gear and accessories that I’ve personally tested and used by Peloton and other large and small companies, check out the whole section via the menu.
Can You Take Over A Seller’s Peloton Subscription?
It’s not necessary to take over the Peloton Bike subscription of the previous owner.
The seller should disconnect their account from the Bike to add your membership account to the Bike.
One good tip is that if the previous seller has prepaid subscription credits on their Peloton Bike membership, it is possible to transfer these from their account to your account, as mentioned earlier.
How to Relocate Your Used Peloton Bike or Bike+
Once you have chosen your used Peloton Bike, it’s time to work out how to safely relocate it without damaging the Bike, particularly its screen.
It might be possible to fit a Peloton Bike into the back of your SUV or car, depending on the space you have in the back.
Alternatively, you might need to hire or borrow a small van, truck, or trailer to transport the Peloton Bike. Or you could hire a delivery service to transport the Bike for you.
One thing to remember is that Peloton bikes are heavy, so be careful and get help if you can, especially when lifting the Bike. Of course, moving it on the ground is easier using the wheels, but be careful.
For a full article on how to safely relocate a Peloton Bike or Bike+, check out a piece I’ve written about this.
What the Seller Should Do Before Selling You A Used Peloton Bike or Bike+
The seller must remove their subscription account from the Peloton Bike before selling you the Bike. Therefore, to connect your subscription account to the Peloton Bike, the previous owner will first need to disconnect their account from the Bike.
I suggest that the screen and pedals be removed and carefully packaged before moving the Bike. And to make moving the Bike easier, lower the seat and handlebars.
If possible, be involved in removing the screen and pedals so you can do it carefully and see what was done, so putting it all back together is easy too.
You’ll also find help and instruction manuals on Peloton’s website, which could be very helpful.
What to do Once you have the Used Peloton Bike Home
I appreciate you’ll want to get riding, but take your time to reassemble the Bike, set up your subscription, and check things are correctly connected, especially the handlebars, seat, and pedals. Things are working just as they are done when you check items before buying.
If you have a chance, sign up to Peloton via their App before the Bike arrives, this way, you’ll be all set as soon as you have the Bike, and it gives you a chance to check out the instructors’ classes and the way things work in advance.
Then follow Peloton’s bike setup guide for all the riders who will use the Bike, and then it’s time to get going, just as you would with a new Peloton Bike or Bike+.
If you want to know more about this, you can visit Peloton’s website and check out the article I’ve written for new riders.
I hope you’ve found this helpful, and don’t forget to send me a “High Five” if you see me on the leaderboard.