How to Sell a Peloton Bike

We have had our original Peloton bike since 2016 and I never thought about selling it until we upgraded to a Peloton Bike Plus. We didn’t trade in our old bike and get a new one; we bought a second one so my husband and I could ride together. However, then we learned that if you only want to pay for one subscription, we could never ride together. That’s when we started thinking about selling our Peloton bike.

How to sell a used Peloton bike

Before I get into the nitty gritty of how to sell a Peloton bike, let’s take a second and discuss that quirk of the Peloton all-access subscription model. If you own two of the same kinds of equipment and have a single subscription, only one person can use it at a time. We also own a Peloton Row. And if I want to ride while my husband rows, we can do that simultaneously. Honestly, it’s ridiculous that we can’t take rides together at the same time. I know I’m not the only Peloton owner who feels this practice does nothing to build allegiance and good feelings toward the company.

Anyway, with two bikes now, it makes sense for me to start researching how to sell a used Peloton bike. I mean, from what I’ve read, used Peloton bikes sell fast. And they retain much of their value. The only challenge you might face is the fact that Peloton sells its own used, refurbished bikes and they come with a warranty. For a while they’d priced them really competitively. Now they are only $300 cheaper than a brand new one. Also, you cannot sell your bike back to Peloton. That’s never been an option.

So, if you own a Peloton, aren’t using it much anymore and need to make extra money, it might make sense to put your Peloton bike up for sale. In this article I’ll cover the following:

• How to get your Peloton ready to sell
• How you should price your Peloton
• Where to list your used Peloton to sell

Finally, you may want to sell your Peloton after you cancel your membership.

So, let’s get started with prepping your bike to sell

How to get your Peloton bike ready to sell

There are a couple of things you should do with your Peloton bike–and your Peloton account–if you’re looking to sell your bike but maintain your Peloton account. That is, like in our family, we’re not going to cancel our all-access membership because we still own Peloton equipment. However, when we do sell the original bike, we’ll want to disconnect it from our account so the new owner can activate it on their account.

One of the first steps you should take is downloading all of your workouts from the bike. You can do this on the Peloton website. You don’t do this on the bike — or Tread or Row, if that’s what you’re planning to sell. It is on the website only.

Steps to download your Peloton workout history

One, head to the Peloton website. Two, log in under “My Membership.” Then, use the menu to find “Profile” and click on that. Next, across the top, look for “Workouts” and click on that. On the top right of the screen, you’ll see an oblong button that says “Download Workouts.” Finally, download your workouts. All of the information will go into a CSV document, which you can open in Excel or Google Sheets.

Another reason to download your workouts? So you can calculate how many rides you’ve done on your bike. Some buyers will want to know this. It’s kind of like the mileage in your car.

Remove and replace add ons and accessories before selling

You should remove any add ons to the bike, unless they’re part of the sale. This might be removing non-Peloton pedals you may have purchased so you could ride with shoe cages or SPD cleats, and putting the original Peloton pedals back on.

Or, if you bought a Top Form Design swivel mount or handlebar extender, you should take those off. You could probably sell them separately in the Facebook Peloton Buy Sell Trade group. That is, of course, unless you’re making them part of the sale.

Factory reset your Peloton bike

To remove all of your personal information, you should do a factory reset of your Peloton bike. Here are the steps to do that.

To factory reset your Touchscreen:

1. Power down your Peloton bike. That would be using the power button and then selecting “Shutdown” on the touchscreen.
2. Once the bike is completely turned off, simultaneously hold the power button and the Volume Up button on the side of the screen.
3. When the Peloton logo appears, let go of the buttons.
4. Use the volume buttons to navigate while the bike is in “recovery mode.”
5. Navigate to “wipe [all user] data/factory reset.”
6. Use the power button to select this option.
7. Confirm by selecting “Yes — delete all user data.”
8. Once the data has been wiped, select “reboot system now.”

FYI, I grabbed these instructions from the Peloton website. You may want to direct your buyer to this page in case they have any questions about activating the bike after the factory reset.

What is the generation of your bike’s monitor

This is important to know. Some really old bikes have a Gen 1 monitor. These stopped working in 2024 and users were advised to buy new monitors. I don’t know if Peloton is still offering to upgrade to a newer monitor for a couple hundred bucks. It might be worth getting before selling. If they don’t have this offer anymore, then I’m sorry to tell you, you may not be able to sell your used Peloton bike after all.

One last ditch option? You might be able to find newer Peloton monitors on eBay.

Color of the Peloton power button doesn’t matter

How do you know if you have a Gen 1 monitor? Some people say it’s based on the color of the power button, which is orange. That’s because the newest bikes have a gray power button on the back of the monitor. That’s not entirely true. We got our bike in late 2016 and it has an orange power button.

However, I know we have a Gen 2 monitor. How did I check this? On the back of the monitor there is a code. Here are the codes to look for on your Peloton monitor and what they mean.

• Generation 1 Peloton monitor = model number contains 72010
• Generation 2 Peloton monitor = model number contains RB1V1
• The Generation 3 Peloton monitor contains RB1VQ, but you’re most likely to find these on the Bike Plus.

Price so you’re not competing with Peloton pricing

Another thing to keep in mind is the cost of a new Peloton bike. As of this writing, a new Peloton bike (not the Bike Plus, unless that’s what you’re selling) is about $1,400 and people are seeing them priced much lower than that at Costco. Like for $600.

As I mentioned earlier, Peloton has its refurbished bikes program. They’re selling used original bikes for just about $1,100. The Peloton refurbished bike program also includes the Bike Plus. Used Peloton Bike Plus models go for $1,995 versus $2,495 for a new one. Keep in mind that these refurbished bikes come with a limited warranty. The one you’re selling does not unless you somehow got the updated Peloton protection plan. While the original 12-month warranty on a new bike does not transfer to a new owner, an extended warranty will.

Renamed the Peloton Protection Plan, this extended warranty provides coverage for your Bike or Tread for 48 months. So, four years. It is available for U.S. owners only. The Peloton Protection Plan starts at $199. We bought one for our Peloton Row after it came out of its original warranty. We figured since we bought the rower during its first year on the market, we wanted extra coverage in case something went wrong a year or two later.

Here’s what Peloton had to say about the transferability of this new warranty options:

“Protection plans sold after April 5, 2022 are transferable. If you are purchasing a previously-owned Peloton product, be sure to request and retain the protection plan order confirmation from the original owner in the event you require future service under this plan.”

So, if you’re selling your used Bike and you’ve opted into this Peloton Protection Plan, that will be a selling point for buyers. It might help you get more money for your bike, too.

How much should I sell my Peloton bike for?

Many Peloton bikes retain their value. In fact, the newer the bike–and the fewer the rides the bike has had done on it–the more you can probably get for the bike. So, what is a Peloton resale value? Honestly, it’s a lot like buying and selling a home. It’s what the market will bear. However, there are two things to keep in mind when pricing your used Peloton for sale.

Anyway, my research tells me that under $1,000 is the most common price people will pay for a used Peloton bike. However, with the refurbished bike program back online, it might be lower now. And I’m pretty sure I saw a new bike at Costco for $600. So you would need to beat Costco’s price.

Where can I sell a Peloton bike?

So, where do you go to sell a used Peloton bike? Well, online, of course. There are a couple of options you can use. This includes:

• Nextdoor
• Craigslist
• Facebook Peloton Buy Sell Trade Group
• Local Facebook groups or Peloton Facebook groups
• OfferUp
• eBay

Unfortunately, at this time the trade-in program is paused.

Final thoughts on how to sell a used Peloton bike

I hope that I’ve covered all of the questions you came to this article looking for the answers to. If I’ve missed describing a situation that you find yourself facing while selling your Peloton, please let me know. In addition, if you want to share your own story of selling a used Peloton, please post a comment. I’m sure we can all learn from our own collective experiences. I’m really curious to hear what price people are getting for used bikes these days. Also, if people are selling their rowers or Treads or Tread Plus, I’d love to know the price they are fetching, too.