The Peloton Drops to Its Lowest Price yet As an Invite-only for Prime Day

Despite its ups and downs, the name "Peloton" still attracts a lot of attention, and Amazon knows that. That's probably why it decided to add the Peloton Bike into its otherwise (mostly) unimpressive invite-only deals lineup ahead of Prime Day.

The deal itself is great: The bike is discounted to $1,011, down from its regular price of $1,455. Because it is an invite-only deal, there are a few caveats you need to be aware of.

If you've never signed up for an Amazon invite-only deal, we have a full breakdown of how to do it here. Essentially, you're throwing your name in a hat in hopes of being selected to have access to the sale.

The last time I saw Pelotons this cheap was when Peloton was selling refurbished bikes earlier this year. To give you a reference on how good this deal is, the refurbished original Peloton Bike was just $16 cheaper than the new one is right now. It's even cheaper than when the bike was on sale for Black Friday.

The Peloton Bike is different in a few ways from the Bike+, with the main difference being that the Bike+ has an automatic resistance that adjusts when you're following along with a class—that, plus the screen can swivel, which is helpful for doing non-bike workouts.

Here are some of the other invite-only deals available: