Peloton’s Extended Warranty, rebranded as ‘Peloton Protection Plan,’ is now more appealing to its US members. Earlier this month, Peloton announced changes that include allowing warranties to transfer and longer coverage at lower monthly prices.
The most significant change to the plans is the ability to transfer a Peloton Bike or Tread warranty between owners. Warranties in place prior to the April 5, 2022 announcement are not eligible for transfer. This is for newly established coverage only.
However, members who buy a used Bike or Tread can purchase a Peloton Protection Plan as long as it is done within 12 months of the equipment’s original purchase date.
The 12 and 27-month options for extended warranty are no more. Peloton Protection Plans now only offers a 36-month option to extend the original limited 12-month warranty.
With this longer coverage comes a higher price tag. But considering the coverage is across 36 months, the price per month is actually lower than the previous extended warranty. Peloton members who have already purchased an extended warranty, but are not past the 12 month limited warranty period, are encouraged to contact Peloton and see if they can change over to the new Peloton Protection Plan.
Extended Warranty Price
Peloton Protection Plan Price
Peloton is offering 24-month extended warranties for the new Peloton Guide at a cost of $24. There is also now a financing option for Peloton Protection Plans through Affirm. Members can pay less than $6.00 a month with 0% APR through Affirm.
Connect The Watt’s Take
While the ability to transfer warranties is great news, we still think there are better options available to protect your Peloton Bike or Tread.
Upsie, for example, also offers a transferable extended warranty for Peloton equipment. However, Upsie is still significantly cheaper and offers a five-year plan.
For example, for a Peloton Bike, Upsie’s three-year extended warranty is just $122.86 and its five-year warranty is $200.56.
You can get an additional 10% off that price by ordering here and using the code “9to5”
- Is Peloton’s Extended Warranty worth it? Yes, but there is a better alternative
- Should I buy the Peloton extended warranty?
- Peloton Guide: In-depth review