Peloton Repowered, a new resale platform in New York, Boston, and DC, lets owners transform dusty bikes and treadmills into fast cash, with sellers grabbing 70% of proceeds. Peloton says this “official resale site” offers deals on gently used gear and cash rewards, aiming to cut third-party chaos and coordinate pickups and deliveries for a smoother ride.

Sellers get up to $600 off new equipment, plus a transparency boost with Peloton’s History Summary on every sale. After a 13% revenue drop and a spike in Facebook Marketplace resales, Peloton is betting on sustainability and quirky convenience—“giving used equipment a second life”—while bikes collect less dust and more dollars.

Buyers and sellers gain access to each machine’s full service history and warranty, straight from Peloton, ensuring “confidence in the transaction” for every treadmill or bike.