Does Peloton buy back bikes?

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Does Peloton buy back bikes?

Selling Your Used Peloton Bike or Bike+: Tips and Guidelines

Does Peloton buy back bikes? If you’re considering selling your Peloton Bike or Bike+, there are some essential things to remember. Whether you’re upgrading to a new model or simply no longer using your current Bike, here’s what you need to know:

1. Warranty and Protection Plans:

  • Limited Warranties: The Bike and Bike+ Limited Warranties are not transferable to secondary owners. If you sell your Bike, the new owner won’t benefit from the original warranty.
  • Protection Plans: Peloton Protection Plans purchased before April 5th, 2022, are not transferable to secondary owners. However, plans purchased on or after that date may be transferred.

2. Peloton Rental Program:

  • Bikes in the Peloton Rental Program cannot be resold. Upon termination of the rental agreement, they must be returned to Peloton.
  • Peloton will not activate an All Access Membership on a Peloton Rental Bike that has been resold.

3. Voluntary Recall:

  • Check if your Bike is subject to Peloton’s voluntary recall of the original Peloton Bike seat post. If it is, you must replace the seat post before selling your Bike. Peloton provides a free replacement seat post for affected bikes.

4. Where to Sell:

While Peloton bike does not endorse specific platforms, here are some places where former members have successfully sold their bikes:

  • Local Online Marketplaces: Consider platforms like Craigslist or Facebook Marketplace.
  • Unofficial “Peloton Buy Sell Trade” Facebook Group: Note that this group is not affiliated with Peloton.
  • In-Person: Selling to a family member, friend, or neighbor.

5. Pricing and Listing Details:

  • There’s no typical selling price, as it depends on factors like condition, age, and the type of tablet your Bike has.
  • Research historical sales listings on your chosen platform to understand the going rate.
  • Include essential details in your listing:
  • Item Name: Clearly state whether it’s a Bike or Bike+.
  • Condition: Describe wear, any cosmetic or functional damage, and the year of purchase.
  • Price: Be reasonable and competitive.
  • Location: Specify where the Bike is located.
  • Return Policy: Clearly outline your policy.
  • Guarantees: Mention any guarantees (e.g., eBay money-back guarantee)
  • Detailed Pictures: Include high-quality images of your Bike.
  • Delivery/Pickup Details: Specify how the buyer can get the Bike.

Remember to beware of fraud or scams on online marketplaces and follow their guidelines. And please refrain from using Peloton’s official marketing assets in your listings.

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