Peloton announces $95 "used equipment activation fee"
arstechnica.com
arstechnica.com
I suspect Peloton's entire existence is based on ongoing subscriptions so getting each user to sign up and pay is just the whole deal with them. That's just their business model.
If someone wants a bike they don't pay a fee / regular fees for, I'm not sure they should pick a Peloton / that's not their market.