Its a great way to save cash since brand-new Peloton bikes can retail for around $1,500.
Peloton announced the fee in itsfourth-quarter earnings report.
The fee will apply to second-hand Peloton Bike and Bike+ purchases.
© Ezra Shaw / Getty Images
Peloton says it views the secondary market as an important channel and will continue to improve the memberexperience.
Used Peloton bikes can be as cheap as $500 on Facebook Marketplace and trusted swap sites.
Thats a significant savings over what the bikes typically retail for.
But this mornings earnings report for investors wasmuch more optimistic about the business than the year foretold.
It also helps that Peloton is constantly updating its product to stay relevant with the workout-at-home crowd.
News from the future, delivered to your present.
you’ve got the option to order a new seat, but sorry, no refunds.
