Peloton Launches Refurbished Bikes Program With Savings Of $300-$500

  • Peloton Interactive Inc PTON has launched a new refurbished bikes program, Peloton Certified Refurbished.
  • Refurbished Peloton Bike will be sold for $1,145, a $300 saving compared to a new Peloton Bike, and the Refurbished Peloton Bike+ will cost $1,995, a $500 saving compared to a new Peloton Bike+.
  • The new offering will be available across the continental U.S. and in Canada.
  • Every refurbished product will be inspected, cleaned and tested to meet Peloton standards, and is backed by the same 12-month limited warranty.
  • The Refurbished bikes will contain the same features as the new Peloton Bike/Bike+.
  • "We are excited to offer refurbished Peloton bikes at these new price points, opening the engaging Peloton experience to even more Members," said Amanda Shulman, Vice President of Emerging Business & Strategic Partnerships.
  • Also Read5 Peloton Analysts Break Down Q1 Sales Miss From Pandemic Stock Favorite
  • Price Action: PTON shares are trading lower by 0.11% at $8.88 in premarket on the last check Tuesday.
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