It was his offer as a resolution to your issue. If you would rather have the reel for $125, then keep it. Otherwise get a full refund and buy something else.
If a buyer wanted to negotiate with me after a sale closed, I would think I'm being scammed by a dickhead.
On this one it sounds like you are in the drivers seat to do as you wish.
EDIT: yep, I just read your post above. Good luck!
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Another ho-hum day in Paradise
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