Fully assembled, ready to go. Works perfectly. Purchased for last Christmas, but used only once. Multiple modes of operation and preset workouts. Safety lanyard to prevent accidents. Easy to fold up and move. Compare to brand new item unassembled in a box for $287.
It functions fine, except the control panel that tells how many calories burned, etcetera. The LED lights don't show up. I believe this can be fixed quite easily, from what I have researched online. It folds up to save space. It has 2 cup holders. It can be set at an incline.