If you have purchased a Peloton Bike or Tread within the past year, it would be a good idea to start considering options for extended coverage. While Peloton’s extended warranty is better than nothing, there is an alternative that is cheaper, lasts longer, and is much more flexible!
I was very close to buying the extended warranty for my bike from Peloton when I finally thought to check and see if there were any alternatives.
What I found was a company called Upsie. Upsie provides extended warranties on all kinds of products from phones, TVs, computers, and connected fitness equipment like Peloton Bikes and Treads.
The extended warranty you can purchase through Upsie costs much less, covers you for much longer, and allows for it to be transferred in case you ever sell or gift your Peloton.
Using my Peloton Bike+ as an example, Peloton gives you two choices:
- 12 months of additional coverage: $170
- 27 months of additional coverage: $230
Upsie gives you two choices as well
- 36 months of coverage: $141.75
- 60 months of coverage: $231.44
Now it is important to know that Upsie’s coverage starts from the moment you received your bike, so realistically its 60 months of coverage is actually 48 months of “Extended Coverage.”
Even still, in this example, Upsie is pretty much the same price for close to twice the length of coverage.
And with Upsie, the warranty is transferable (which is not the case when you buy directly through Peloton). So if you ever want to resell your Peloton Bike or Tread, you can charge more since it may still have additional coverage.
If you do choose to use Upsie to get an Extended Warranty for your Peloton, make sure to use the link below to get 10% off your entire order:
Order through Upsie here, and use the code “9to5” for 10% off.