Peloton will be offering existing Members the opportunity to trade-in their original Peloton Bike to the new Peloton Bike+.
Eligible Members will be able to receive a $700 rebate and a free Yoga & Toning package—including a Reversible Workout Mat, Resistance Bands, Yoga Blocks, and a Yoga Strap.
For more details click here.
What are the eligibility requirements to trade-in?
- It must be a Peloton Bike and screen. The Peloton Tread and bikes from other manufacturers are not eligible.
- The Peloton Bike’s frame and screen must be free of cracks, dents, rust or other major damage. The screen must power on.
- You must live within the lower 48 states or Washington D.C.
- This is your first Bike+ purchase and you will elect to trade in your Peloton Bike in the same transaction.
Your Bike may be rejected if these requirements aren’t fulfilled. If we don’t receive a Peloton Bike, we won’t issue your rebate and will charge full price for the accessories that come with your Bike+. The full requirements for Peloton Trade-In can be found here: Peloton Trade-In Terms and Conditions.
What happens if Peloton decides my Bike isn't eligible?
Peloton will determine if your current Bike is eligible when delivering your Bike+. If your current Bike is not eligible, you can still keep your new Peloton Bike+. In that case, the Delivery Team will not take your current Bike and you will not receive the $700 rebate or free accessories.
What's included with my Bike Trade-In?
When you trade-in your Bike, you will receive a $700 rebate and a free Yoga & Toning accessories package, including a Reversible Workout Mat, Resistance Bands, Yoga Blocks and a Yoga Strap.
Will I need another All-Access Membership for my Bike+?
You need one Membership for each Peloton Bike you have. Your monthly membership will not change if you trade in your Bike for the Bike+.
What happens to my workout history on my current Bike? Will I lose any information if I trade in my Bike?
Your Peloton Bike will be reset once you trade it in. Your workout history and account details will all transfer over to your Bike+ when you log in.
Can I trade in more than one Bike?
Yes. You will need to complete one Bike+ purchase for each trade-in you are completing. Each Bike+ will require its own All-Access Membership at $39/month.
You will receive a $700 rebate and free Yoga & Toning accessories package with each trade-in.
Can I cancel my Trade-In or return the Bike+ if I prefer my original Bike?
You may cancel your Trade-In any time before your Peloton Bike+ arrives. Once you receive your Bike+, you have 30 days to return it for a full refund as part of our 30 Day Home Trial. Your original Bike will not be returned to you. All trade-ins are final.
I need help with my trade-in. Who do I talk to?
You can speak with our Sales team by visiting onepeloton.com.
How do I schedule my Bike+ delivery and Bike pick up?
Our delivery team will swap your Peloton Bike for your new Bike+ in a single visit. You will be prompted to schedule this visit after you complete checkout.
Will my Bike+ be set up when it is delivered?
Yes, your Bike+ will be delivered and set up by our dedicated team of professionals, so you’ll be ready to ride right away.
How do I get my Bike ready for Trade-In?
Make sure your Bike has all its original parts and is in a place that’s easy for the Delivery Team to access. You may keep the shoes, mat or any accessories that you originally purchased with your Bike.
How will I receive my $700 Trade-In rebate?
You will receive your rebate approximately 10 business days after your Bike has been picked up and returned to the warehouse. We will then issue your rebate to the payment method selected for the rebate when you purchased your Bike+.
Can I apply my rebate to a credit card?
If you are paying using a credit card, the rebate will be applied to that card by default during checkout. However, after checkout, you can request a change to the payment method up until we issue your rebate.
Can I put my rebate on a gift card?
Yes, you can apply your rebate to a gift card, but you must keep it on hand. If you lose the card, we won’t be able to reissue your rebate.
Can I finance the Bike+?
Yes, you can finance Bike+ starting as low as $0 down, $64/mo and 0% APR.
I qualified for financing when I purchased my Bike. Do I have to prequalify for financing again to purchase the Bike+?
Yes, you will need to prequalify again to finance the Peloton Bike+. You can prequalify here: https://www.onepeloton.com/bikes/financing
I currently have a Peloton Bike under financing. What will happen to my monthly statements if I finance the Bike+ as well?
If your Peloton Bike and Bike+ are both under financing, you will receive two separate statements and will need to make monthly payments for each. You may also pay off the outstanding balance at any time.