"Confession time" I use Cashconverters because sometimes my kids need to eat, it's that simple. They only ever offer about 20-25% of anythings value and bikes are something they know little about. You deposit your goods at GREAT risk. Fail to turn up 28days later and its gone, it belongs to them, end of discussion as far as they are concerned. It's what they do, "exploit vulnerable people as much as they can".
I'm lucky, I know my shop guys and they look after me when I'm late, but I daren't push it. 2 of my bikes are there now, each worth £700-£1000, I borrowed £130. If I can't pay up they are gone. The owner takes the risk that he can get back to them. Rather the risk than a sale and lose them ...... until you fail to cough up, then you cry buckets. Such is life I'm afraid at the thinest end of lifes wedge, you get used to it ('ish).
They have been there 5 months. I pay £85 p/m just to save them. I borrowed £130ea on them over 2 seperate periods. I've paid £425 in interest over 5 months and still owe £350 to get them both back. Yes it's crap, but better this than A) lose them OR B) go hungry for 5 days.
So my friend, the odds are the story is completely true from what you describe, and the seller is a genuine cashconverter workperson. After its gone its gone, the buyer then owns the bike. Remember this "cashconverters know very little about bikes and only ever offer 25% at best = £1000 bike gets valued at £400 = £100 to the person who hocks it.
It is very sad, but what can anyone do ? Hope this helps, not only this thread, but helps others understand why so many top end bikes are going sooo cheap, it's because there is a recession and it hits hard down the thin end, where £10 becomes a meal to keep you going until the next payday/benefits day. All the best, yours Laz.
PS: As ever Tel "your bikes are stunning" I watched 1 of yours go a while back that made me ill that I never had the money (about £250 I think) God is was good
Later buddy, Laz.