Trying to Sell Your Old Peloton Bike? So Is Peloton.

[Demovictory9]

https://www.nytimes.com/2022/09/02/business/peloton-resale-inventory.html

Trying to Sell Your Old Peloton Bike? So Is Peloton.
As its business slumps, Peloton is trying something new: selling its bikes to “value-minded” customers. It faces stiff competition.
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When Steve Edwards Jr. bought a new Peloton bike in 2020, his life looked pretty different. He had just received a stimulus check from the federal government and was spending most of his time at home. But lately, busy with an infant son and an in-person job at his family’s grocery chain in Little Rock, Ark., he and his wife barely use the bike.

“We used it a ton during Covid,” Mr. Edwards, 27, said. Now, though, “we use our free time to do things other than working out.” After tucking the bike in a corner of the living room, he moved it upstairs to a spare bedroom. “We have not utilized it enough to warrant the space it takes up,” he said.

Mr. Edwards posted his Peloton for sale on Facebook last week, offering the bike, along with weights, two sets of shoes and a mat from Peloton, as well a sheet of plywood he bought to stabilize the bike on a carpet, for $1,300. (Mr. Edwards said he had spent more than $2,000 for the entire package from Peloton, including delivery.) He has not gotten any interest from potential buyers so far.

Peloton has offered a cautionary tale about quickly changing consumer habits. At the height of the pandemic, its business soared as gyms shuttered and Covid restrictions kept people at home. But many who bought Peloton bikes at their peak popularity are now returning to gyms and busy schedules, and some are regretting what might be their most expensive pandemic-era purchase. Sites like Facebook, Craigslist and eBay are flooded with posts offering used Peloton bikes, shoes and weights.

[Initech]

1. Who has money to spend $2K on an exersize bike and a $40 a month subscription service?

Like who thought that business model was a good idea?

[Heather MC]

3. I used the government's stimulus money to buy electric bikes for my youngest son and I🤷🏾‍♀️

[obamanut2012]

4. I bought an Ergatta rower with my stim money

I've been wanting an erg for a long time, was deciding between the Concept 2 and Water Rower, both made in the US. I leaned toward the Water Rower, because I prefer them. So, I got the Ergatta package, about $2,250. I got the Ergatta version, because it has a nice big tab monitor with alllll kinds of workouts, $29 a month. I can easily cancel that, and instead use free rowing workouts on Youtube.

However, it can be used without the monitor and gamification, since nothing else needs power, just like a Concept 2 erg. I already have a great rack and weight setup, so I've been set for quite a while.

Other products have this business model, and it is a good one, IF the product is something you already like doing and already use as a major fitness workout (ie rowing for me), it can be used without the bells and whistles, you can very easily fix yourself, and is a good product. The Water Rower/ERgatta has all of that, as does the Concept 2, as well as many spin bikes.

[Emile]

2. No thanks, I will stick with my Schwinn Airdyne I gave $20.00 for

at my neighbors garage sale 20 years ago.