Peloton Announces $95 “used Equipment Activation Fee”

Scharon Harding, Ars Technica
Thu, 08/22/2024 - 12:43pm

Enlarge (credit: Peloton) Peloton will start charging people a one-time $95 "used equipment activation fee" for used bikes purchased from outside of Peloton and its official distribution partners. The fee will apply in the US and Canada. As pointed out by The Verge, Peloton confirmed in its fiscal Q4 2024 earnings call today that people who buy a used bike directly from Peloton or one of its third-party partners will not be subject to the fee. During the call, Peloton's interim CEO, Christopher Bruzzo, said that the activation fee "will be a source of incremental revenue and gross profit" and support Peloton's "investments in improving the fitness experience for our members."Read 12 remaining paragraphs | Comments

Topics: enlarge peloton canada the verge q4 ceo christopher bruzzo read comments peloton equipment activation fee call partners people

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Buying a used Peloton? You'll need to pay a $95 activation fee
“With that in mind, we’re initiating a new, one-time $95 USD/ $125 CAD used equipment activation fee in the U.S. and Canada.” The cost of a new Peloton bike starts at $1,445, while the ...
08/25/2024 - 12:59 pm | View Link
Peloton announces $95 activation fee for used equipment
If you try to save some money by buying a used Peloton, there will now be a fee to activate it. The exercise company announced it would charge new subscribers a one-time $95 activation fee if the ...
08/23/2024 - 3:03 am | View Link
Peloton to charge sizable 'activation fee' for used equipment purchases
Consumers in the United States and Canada who buy used Peloton exercise machines will face a "used equipment activation fee." The fitness company, which reported its fourth-quarter earnings ...
08/22/2024 - 10:26 am | View Link
Peloton announces $95 “used equipment activation fee”
Peloton will start charging people a one-time $95 "used equipment activation fee" for used bikes purchased from outside of Peloton and its official distribution partners. The fee will apply in the ...
08/22/2024 - 1:43 am | View Link
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Peloton Announces $95 “used Equipment Activation Fee”

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