If you’re nonetheless on the fence about shopping for a Peloton Bike, the corporate is doing all the pieces in its energy to speak you into it. After dropping the worth of the unique Bike final yr, Peloton is completely knocking off one other $400, from $1,895 to $1,495, for purchasers within the U.S., UK, Canada, Germany, and Australia.

In a blog put up, Peloton says the transfer is supposed to “help people be the best version of themselves by making it easier to access world-class fitness and wellness content.” This is Peloton’s second current Bike worth minimize—during the pandemic, the corporate launched a higher-end Bike+ and dropped the worth of the unique Bike all the way down to $1,895. If you mix each reductions, Peloton’s minimize the worth of its entry-level bike by $750 within the final yr.

The worth drop is nice information for anybody at the moment procuring round for at-home health choices. But when you not too long ago purchased the Bike, it’s most likely extremely irritating to listen to that it’s now cheaper. However, a Peloton spokesperson advised Gizmodo that the corporate plans to supply proactive refunds. Anyone who purchased a Peloton Bike within the final 30 days or is ready for his or her Bike to be delivered can be refunded the distinction in worth. According to Peloton, that features any member who had a supply on or after July 27.

But you understand Peloton is additional as hell. The firm says it’s additionally extending financing provides for the Peloton Bike+ and Tread, which is scheduled to formally launch Aug. 30 within the U.S., Canada, and UK. (It’ll arrive in Germany later this fall.) While that’s not a reduction, it does supply folks the power to pay a extra manageable month-to-month price over an extended time frame. That means you may go for a $59 month-to-month price over 43 months at 0% curiosity for each gadgets. (The price of the machines doesn’t embody a Peloton membership, which unlocks the courses you may take.)

Despite having to recall each its treadmills, together with the cheaper Tread that hadn’t even formally gone on sale, earlier this summer season, it doesn’t look like the corporate is slowing down. In the previous 4 months, it’s launched a bunch of latest options, invested $400 million to construct a U.S.-based manufacturing unit, and introduced it was engaged on its personal on-device online game. The firm can also be rumored to be engaged on a wearable coronary heart price armband.