Exciting news from Peloton – they’re now offering financing on their certified pre-owned bikes, which they call “Peloton Certified Refurbished Bikes” and “Bike+”. You know, those cost-effective options just got even more budget-friendly with flexible payment plans. They’ve got $0 down and APR rates as low as 0% for different timeframes – 12, 24, 39, and 43 months.
![Peloton Adds Financing Option for Refurbished Bikes](https://cityryde.com/wp-content/uploads/2023/08/Peloton-Adds-Financing-Option-for-Refurbished-Bikes-1.jpg)
Before, you couldn’t get financing for these refurbished bikes, but things have changed. You’ll spot the refurbished bike option now on the Peloton Financing page.
When you’re eyeing a refurbished bike, guess what? You can now choose to pay through Affirm’s financing. In the U.S., the refurbished Bike goes for $1,145, saving you $300 compared to a new one. And if you’re interested in the Bike+, it’s priced at $1,995 – that’s $500 less than a brand-new Bike+.
Back in December 2022, Peloton rolled out their Certified Refurbished program. When you get a refurbished Peloton Bike, it comes with a one-year warranty, and if you’d like, you can extend that warranty later on. And remember, all sales of refurbished bikes are final.
![Peloton Adds Financing Option for Refurbished Bikes](https://cityryde.com/wp-content/uploads/2023/08/Peloton-Adds-Financing-Option-for-Refurbished-Bikes-2.jpg)
Now, while they’re adding financing for one product, they’re taking it away for another – the Peloton Guide. The device support page now says that you can’t finance the Guide anymore.
Oh, and in February 2023, Peloton gave us a pleasant surprise. They permanently dropped the price of the Guide in the U.S. from $295 to just $195, saving you a neat $100.
![Peloton Adds Financing Option for Refurbished Bikes](https://cityryde.com/wp-content/uploads/2023/08/Updated-Peloton-Guide-FAQ-page.jpg)
Just a heads-up for future purchases – if you’re grabbing the Guide, no more payment plans available. You’ll need to pay the full price for it. So there you have it, all the recent scoop from Peloton!
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