As of Dec. 26, Peloton Interactive began offering refurbished bicycles in the U.S. and Canada at a discount of up to $500 over new bicycles. The program, called Peloton Certified Refurbished, offers models priced from $1,145 (refurbished Peloton Bike) and $1,995 (refurbished Peloton Bike+). According to the company, each refurbished product is thoroughly inspected, cleaned and tested to ensure it meets Peloton standards and is covered by the same 12-month limited warranty as new bikes. The certified refurbished bikes have the same features as a new Peloton Bike/Bike+, including access to Peloton’s variety of courses, coaches, disciplines and music through an All Access membership. In September, Peloton expanded its U.S. rental program to offer its Peloton Bike/Bike+ at a monthly rate that includes the cost of an All Access membership. Both programs – rental as well as Certified Refurbished – are measures by the company to make it easier to own a Peloton product and participate in the Peloton community, trying to reverse the dwindling sales that the company faced after the boom for home fitness equipment and classes during the first two pandemic years was over. However, the refurbished offering is not the best Peloton has come up with so far. To increase the number of customers, Peloton had previously offered certified refurbished bikes through its app for as little as $500.

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