Should I buy a used Peloton or a cheap exercise bike?

Buy a used or refurbished Peloton if you know you’ll use Peloton classes and want the more polished, motivating experience. Buy a cheap exercise bike if you mainly need basic cardio, already use another fitness app, or are not sure you’ll stick with indoor cycling.

My practical pick: start with a cheap bike if you’re uncertain. A used Peloton is only the better value when the subscription, activation/transfer costs, delivery hassle, and risk of buying used still make sense for you.

Before buying a used Peloton, verify: the bike powers on, resistance knob works smoothly, screen has no major damage, pedals/cranks are solid, there are no account/activation issues, and you understand the current monthly membership cost. Peloton also sells refurbished bikes, which may be worth comparing because the official refurbished price shown in the available info is $695, versus $1,695 for a new Cross Training Bike.