What is a great piece of fitness equipment for an amateur?

I am looking for in home equipment for cardio. I have never owned a piece of gym equipment. I am on a budget and definately don't want a treadmill. I have quite a bit of weight to lose and am in my twenties. What would be good for me? An Elliptical, Stair Climber, what else? Also, what is a good brand to look for that is not overly expensive?What is a great piece of fitness equipment for an amateur?A jump rope helps alot and its cheap, builds cardio and burns calories. And you can take it anywhere.

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