Walmart Is Selling a $1,000 Fat-Tire E-Bike for $470 That's 'Perfect for Getting Around Town'

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There has never been a better time to score a great e-bike for less than during Walmart's Holiday Deals Event . The sale, which runs through Oct. 13, has a vast selection of cruiser e-bikes , foldable e-bikes , and even some electric scooters on sale starting at only $220 . If you're looking for something rugged and ready for anything, you're in luck—one of Walmart's most popular fat-tire e-bikes is on sale right now, and it even ships for free.

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The Colorway 500W Fat-Tire Electric Bicycle is now on sale at Walmart for only $470—53% off its normal price of $1,000. This foldable e-bike has earned nearly 600 five-star ratings from shoppers who say it's "awesome" to ride and is "great for commuting to work," among other uses. Unlike most other e-bikes found at Walmart, this one comes in four color options—silver, red, black, and blue—and all are the same price during the sale event.

Colorway 500W Fat-Tire Electric Bicycle in Blue, $470 (was $1,000) at Walmart

This e-bike was built with a powerful 500-watt motor and can power up slopes of up to 25 degrees. It's capable of hitting speeds of up to roughly 20 mph and can get up to about 55 miles (depending on weight load and road conditions) on a single charge. There are three riding modes—manual, pedal assist, and throttle—and with its 7-speed Shimano gear shifters, you can easily find your perfect pedaling cadence. It also comes with a handy LCD screen that shows stats like battery level, mileage, and speed. Thick 3-inch tires are a main draw, adding exceptional grip and shock absorption while safety features like front and rear double disc brakes and multi-point reflectors offer even more comfort on the road.

Walmart has a handful of great e-bikes on sale right now, but shoppers who have chosen this one from Colorway say it's a quick and convenient way to get around. "This bike is great," a shopper said. "It goes 19 mph and I love that I can fold it up and put it in the back of my car." Another shopper agreed, saying, "Perfect for getting around town or for a quick trail ride."

Related: Walmart Is Selling a $900 E-Scooter for $220, and Shoppers Say It's Got 'Great Speed' and a 'Long Battery Life'

Others detailed how versatile the tires have been for riding on different surfaces. "I absolutely love this bike," a shopper noted. "I ride it on my gravel road, through local towns, and it's especially fun on campgrounds. Pros: Stylish, foldable, good battery life, tires are great on gravel, easy to access display, comfortable seat, accessories attach easily. Cons: It's not great on steep hills."

If you're looking at Walmart's October sale event for a shiny new bike, this one from Colorway should be at the top of your list as a do-it-all option for both city and off-road riding. At just $470, it's a steal, but make sure to get yours before Walmart's deals go back up in price on Oct. 13.