If you’re looking to buy or sell a used elliptical, your first question is probably, ‘how much is a used elliptical worth?’ The answer depends on a surprising number of factors, from the brand to its current condition. This guide will walk you through everything you need to know to get a fair price, whether you’re the buyer or the seller.
How Much Is A Used Elliptical Worth
There’s no single price tag for a used elliptical. You can find them listed anywhere from $50 to over $1,000. The huge range is because their value is determined by a mix of objective and subjective factors. Think of it like a used car—the make, model, year, and mileage all play a critical role.
Key Factors That Determine an Elliptical’s Value
Before you look up prices, you need to assess the machine itself. Here are the main things that impact what a used elliptical is worth.
1. Brand and Model Reputation
High-end commercial brands hold their value much better. A used Precor, Life Fitness, or Octane elliptical will command a higher price than a generic big-box store brand. This is due to their durability, better construction, and longer lifespans.
- Top Tier: Precor, Life Fitness, Octane, True.
- Mid Tier: NordicTrack, ProForm, Sole, Schwinn.
- Value Tier: Store brands from Walmart, Costco, or Amazon.
2. Age and Usage
Obviously, newer is better. But ‘usage’ is more important than just the purchase year. A 5-year-old elliptical used lightly in a home might be in better shape than a 2-year-old machine from a busy gym.
3. Overall Condition and Maintenance
This is the biggest factor for most buyers. They will inspect everything closely.
- Frame: Any rust, cracks, or wobble?
- Moving Parts: Do the pedals, arms, and flywheel move smoothly and quietly? Squeaks or grinding noises are a bad sign.
- Electronics: Does the console power on? Are all buttons, displays, and heart rate sensors working?
- Cosmetics: Rips in the pads, significant scratches, or faded console displays lower the value.
4. Included Features and Tech
Features that were premium when new add value now. This includes:
- Incline or decline motors.
- Power-adjustable stride length.
- Interactive touchscreens with subscription memberships (if transferable).
- Bluetooth connectivity and app integration.
5. Market Demand and Location
Your local market makes a difference. In a big city, you’ll have more buyers and potentially higher prices. In a rural area, demand might be lower. Time of year matters too—prices often rise in January with New Year’s resolutions.
How to Find the Current Market Price
Don’t just guess. Do your homework to see what similar models are actually selling for.
- Check Online Marketplaces: Search on Facebook Marketplace, Craigslist, and OfferUp for your specific elliptical model. Don’t just look at asking prices—see which listings have actually sold.
- Use Resale Sites: Websites like Play It Again Sports often list used fitness equipment with set prices, giving you a good benchmark.
- Search Auction Sites: eBay is useful, especially the “sold items” filter. This shows you the final sale price, not just what people are asking for.
A Step-by-Step Pricing Guide for Sellers
If you’re selling your elliptical, follow these steps to set a competitive and fair price.
Step 1: Gather Your Information
Find the exact brand and model number (usually on a sticker near the base or console). Note the year you bought it and any special features.
Step 2: Honestly Grade the Condition
Be critical. Use a simple scale:
- Like New: Barely used, zero issues.
- Excellent: Lightly used, minor cosmetic wear, everything works perfectly.
- Good: Normal wear, all functions work, may need a minor tune-up.
- Fair: Visible wear, some squeaks, electronics work but may have minor issues.
Step 3: Research and Set Your Price
Find 3-5 listings for your same or a similar model. Take the average selling price. Then, adjust based on your machine’s condition. If yours is in “Good” shape and the average is $500, price it around $450 to attract buyers. Always price slightly higher to allow for negotiation.
Step 4: Write a Great Listing
Your ad needs to sell. Include:
- Clear, well-lit photos from all angles.
- The brand, model, and age in the title.
- An honest description of condition, including any flaws.
- Measurements (for pickup planning).
- Whether you can help load it into a vehicle.
Smart Tips for Buyers
Looking to buy? Your goal is to find a reliable machine without overpaying.
- Always Test It: Never buy a used elliptical without a thorough test. Plug it in, use it for 3-5 minutes at various resistances, and listen for odd noises.
- Ask for History: Why are they selling it? How often was it used? Has it ever been serviced? The answers can reveal alot.
- Factor in Moving Costs: These machines are heavy and awkward. If you need to hire movers, add that $100-$200 to your total cost when comparing deals.
- Negotiate: Use any flaws you see as leverage for a lower price. It’s expected in these transactions.
Common Pitfalls to Avoid
Both buyers and sellers can make simple mistakes that cost them money or lead to a bad deal.
- For Sellers: Don’t overprice based on what you paid. The value is based on the current used market. Also, hiding known defects will just waste your time.
- For Buyers: Avoid elliptical’s with electronic issues, even if they’re “cheap.” Console repairs are often costly or impossible. Also, be wary of very old machines, even from good brands, as replacement parts may be unavailable.
FAQ: Your Quick Questions Answered
How much can I sell my used elliptical for?
It varies widely. Common home models from NordicTrack or ProForm in good condition often sell for $200-$600. High-end commercial models can be $800+.
What is the average price of a secondhand elliptical?
On the mainstream market, the average selling price is typically between $250 and $500 for a machine that’s 3-8 years old and in working order.
Do ellipticals lose value quickly?
Yes, like most fitness equipment, they have a steep initial drop in value. A $1,500 elliptical might be worth half that after just a few years of home use, then the depreciation slows.
Is it worth buying a used elliptical trainer?
Absolutely, if you do your due diligence. You can get a much higher-quality machine for your budget compared to buying new. Just always test it first.
Where is the best place to sell a used exercise machine?
Facebook Marketplace is often the best due to its local focus and large audience. For higher-end equipment, specialty fitness resellers or forums can be better.
Ultimately, figuring out ‘how much is a used elliptical worth’ requires a bit of research and honest assessment. By understanding the key factors and checking your local market, you can ensure a fair deal that leaves both the buyer and seller satisfied. Take your time, ask the right questions, and you’ll find the perfect match for your fitness goals or your garage space.