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Backing out of a deal


Just Simba

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Hi guys, I would love to hear your thoughts on sellers changing their minds last minute.

I agreed to buy 3 items from a seller here on Bikehub, we agreed on a price and I immediately paid a R75k deposit, sight unseen.

3 days later I asked if he could drop the items off at the LBS close to him for me to arrange courier with them.

He then tells me that all of a sudden only 1 item is available as there is another interested party in the other 2 items and that I shouldnt pay the outstanding R50k balance.

I was furious and demanded a refund, not sure if I over reacted, but I cant imagine that that is an ethical way of doing business, especially not on such a community platform.

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21 minutes ago, NeverNotRolling said:

 I can understand your reaction. I'm afraid agreements on deals online don't hold much weight nowadays...

It certainly appears so. Integrity is a rare commodity 

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27 minutes ago, Just Simba said:

Hi guys, I would love to hear your thoughts on sellers changing their minds last minute.

I agreed to buy 3 items from a seller here on Bikehub, we agreed on a price and I immediately paid a R75k deposit, sight unseen.

3 days later I asked if he could drop the items off at the LBS close to him for me to arrange courier with them.

He then tells me that all of a sudden only 1 item is available as there is another interested party in the other 2 items and that I shouldnt pay the outstanding R50k balance.

I was furious and demanded a refund, not sure if I over reacted, but I cant imagine that that is an ethical way of doing business, especially not on such a community platform.

Did you review him accordingly?

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2 minutes ago, ACE Cycles said:

Did you review him accordingly?

Is that possible, even though the deal was not concluded?

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I would count myself lucky that I'm still getting what I paid for in the end. I could never, EVER pay anyone 75k for anything that wasn't in front of me....I think it could have gone much worse.

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5 minutes ago, Barry said:

You joined the hub on monday. You paid 75k to someone you don't know on a website to have never used before.

Is it just me?

Been browsing the hub for years, never signed up till recently.

I didnt think that I was taking a risk, as the sellers details all checked out on Facebook, Bikehub and his Bank.

I never for a second thought that my money was at risk when dealing with a well known businessman 

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12 minutes ago, love2fly said:

I would count myself lucky that I'm still getting what I paid for in the end. I could never, EVER pay anyone 75k for anything that wasn't in front of me....I think it could have gone much worse.

I got my money back, I guess thats all that counts. Even after he backed out, I wasnt worried about getting my money back. His reputation was worth a way lot more than R75k, mine sure is

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16 minutes ago, copperhead said:

You paid a cat 75 large as a deposit. They must have some rating or you know them? Not in a million years of corona would I do that. What are the chances of you telling us who the seller is?

What are the rules surrounding public naming and shaming?

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13 minutes ago, love2fly said:

I would count myself lucky that I'm still getting what I paid for in the end. I could never, EVER pay anyone 75k for anything that wasn't in front of me....I think it could have gone much worse.

Forget in front. I would need whatever it is in my possession for two days to make sure the cops aren't coming looking for it 

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Maybe more to this story. You don't back out of a 120k deal without good reason.  Money was refunded no problem. Maybe the seller can give the other side.

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