Peloton Bike Prices Right Now

A new Peloton Bike costs $1,445 as of early 2024. The Peloton Bike+ (the larger model with a rotating screen) costs $2,145. Both prices are for the bike itself, delivered and assembled in your home. Monthly membership to access Peloton's classes runs $14.99 for the standard plan.

Peloton also sells refurbished bikes at a discount — typically $500 to $700 off the new price — through their official website. These are returned bikes that have been inspected and restored. The warranty is shorter than on new bikes (one year instead of two), but the bike itself works the same way.

Used Peloton bikes appear on Facebook Marketplace, Craigslist, and eBay for $400 to $1,200 depending on condition and age. Buying used means no warranty and no delivery service — you arrange pickup yourself. The seller may or may not have the original power cable and pedals.

Key Takeaways

  • A new standard Peloton Bike costs $1,445 delivered and assembled; the Bike+ with a rotating screen costs $2,145.
  • Refurbished bikes from Peloton directly cost $500 to $700 less than new and come with a one-year warranty.
  • Used bikes on secondhand marketplaces range from $400 to $1,200 but come with no warranty and require you to arrange your own pickup.
  • Monthly membership to access live and recorded classes costs $14.99 per month on top of the bike price.
  • Peloton offers financing through Affirm, allowing you to split the cost into monthly payments with interest rates that vary by approval.

What the Bike Price Includes

The $1,445 price covers the bike, delivery to your home, and assembly by a Peloton technician. You get a 30-day trial of the membership included, so you can test the classes before committing to the $14.99 monthly fee. The bike comes with one pair of Peloton-brand pedals and cleats.

The standard warranty lasts two years and covers parts and labor. It does not cover damage from accidents, water damage, or normal wear on the seat and handlebars. If something breaks outside the warranty period, repair costs run $100 to $400 depending on the part.

You do not get a heart rate monitor, water bottle, or mat in the base package. These are sold separately. A Peloton mat costs $39, and a heart rate monitor runs $99 to $129.

Peloton Bike vs. Bike+ — Which Costs More and Why

The Bike+ costs $700 more than the standard Bike. The main difference is the screen: the Bike+ has a 23.8-inch rotating touchscreen that swivels to face you during strength and stretching classes. The standard Bike has a fixed 21.5-inch screen that does not rotate.

The Bike+ also comes with a slightly better sound system and auto-resistance, which means the bike adjusts resistance automatically during certain classes without you turning the knob. The standard Bike requires you to adjust resistance manually.

If you do mostly cycling classes, the rotating screen and auto-resistance add little value. If you plan to use strength, yoga, or stretching classes regularly, the rotating screen makes those workouts easier to follow. The auto-resistance is a convenience, not a necessity.

Financing Options and Payment Plans

Peloton offers financing through Affirm, a third-party lender. You can split the $1,445 or $2,145 into monthly payments over 12, 24, or 36 months. Interest rates vary by approval and range from 0% to around 30% APR depending on your credit. Affirm tells you the rate before you confirm the purchase.

Some credit cards offer promotional financing for large purchases — 0% for 12 to 24 months if you pay the full balance within that period. Check your card's current offers before explore for Affirm financing, as a 0% credit card deal may cost you less.

Peloton does not offer its own in-house financing. All payment plans go through Affirm or your own credit card.

Membership Costs Beyond the Bike

The $14.99 monthly membership gives you access to all live and on-demand cycling classes, plus strength, yoga, stretching, and meditation content. You can use the membership on one bike and one account. If you want to add a second account for someone else in your household, that costs an additional $14.99 per month.

The membership does not include a heart rate monitor or any physical equipment. It is digital access only. If you cancel the membership, you lose access to all classes, though the bike itself still works as a stationary bike with no classes or metrics.

Peloton occasionally runs promotions offering three months free or discounted membership rates, usually around major holidays. These deals are not may provide and change throughout the year.

Refurbished vs. New — What You Save and Lose

A refurbished Peloton Bike typically costs $700 to $900 less than a new one. The bike has been returned by a previous owner, inspected by Peloton, and restored to working condition. Cosmetically, it may have minor scuffs or marks, but mechanically it functions like a new bike.

The trade-off is the warranty. Refurbished bikes come with a one-year warranty instead of two years. If something breaks in year two, you pay for repairs out of pocket. Delivery and assembly are included, just as with new bikes.

Refurbished inventory changes frequently and is not always in stock. If you want a specific color or model, you may have to wait or buy new. Peloton's website shows current refurbished availability.

Used Bikes and Hidden Costs

Used Peloton bikes on secondhand marketplaces cost less upfront but carry risks. You have no warranty, no may provide the bike works correctly, and no way to verify how hard the previous owner used it. Some used bikes have worn-out resistance mechanisms or screens that flicker.

Pickup and transport are your responsibility. If the bike is across town, you may spend $100 to $300 on a moving service to get it home. Delivery is not included in the secondhand price.

You also lose the 30-day membership trial. The previous owner's account is tied to the bike, and you will need to contact Peloton to transfer ownership and set up your own account. This process can take several days.

Frequently Asked Questions

Can I buy a Peloton Bike without a membership?

Yes. The bike itself works without a membership — you can use it as a regular stationary bike and track basic metrics like distance and time. However, you cannot access Peloton's classes, leaderboards, or performance tracking without paying the $14.99 monthly fee. Most people buy the bike specifically for the classes, so the membership is effectively required to use it as intended.

Does Peloton ever have sales or discounts on the bike itself?

Peloton rarely discounts the bike price directly. Occasionally they offer free or discounted membership for the first few months, or bundle deals with accessories. The best way to save on the bike itself is to buy refurbished or used. Check Peloton's website and secondhand marketplaces regularly if you are watching for deals.

What happens if I want to cancel my membership?

You can cancel anytime with no penalty. Your membership ends at the end of your billing cycle, and you stop being charged. The bike remains yours and still works, but you lose access to all classes and performance metrics. You can restart the membership later if you change your mind.

Is the Peloton Bike+ worth the extra $700?

It depends on what classes you take. If you do mostly cycling, the rotating screen and auto-resistance add little value. If you use strength, yoga, or stretching classes regularly, the rotating screen makes it easier to see the instructor. The auto-resistance is convenient but not essential. Try the standard Bike first; you can always upgrade later if you want the extra features.

Can I use a Peloton Bike without an internet connection?

No. The bike requires WiFi to access classes, track metrics, and sync your performance data. Without internet, the bike functions as a basic stationary bike with no classes or feedback. If your internet is unreliable, a Peloton may not be the right choice for you.