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Old 07-13-2011, 06:38 AM   #18
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Jon from Michigan won a brand new 2011 Camaro SS for $5.28 plus $40.00 in bid costs. The car has the full GM factory warranty and all the vehicle taxes were paid by FASTpennycars.com


Found this on there website.
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Old 07-13-2011, 07:01 AM   #19
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Originally Posted by Skillz512 View Post
He still paid $5 for the Car, I think he wouldn't mind paying the taxes.

But, beware these sites are not very easy to win at, don't expect to win a car for $5, he's probably the only guy who's done it and i wouldn't be surprised if he is part of that business just trying to advertise it or they paid him to do so.
Uh...technically speaking, he paid $300 for the car. He won the bid at $5, but he paid $.60/bid for 500 bids. That equals $300. Still a damn good deal, but a little deceptive!
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Old 07-13-2011, 08:03 AM   #20
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Its a penny auction site, so if 100 people around the world use 500 bids, thats 50000 bids, and $30,000 for the auction site,etc.
Didnt see how many bids were made on that auction,.

If he spent 300, then someone spent 299 to be second, 298 to be third, etc. The auction site makes money.
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Old 07-13-2011, 08:28 AM   #21
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those sites are just glorified gambling. It's like playing penny slots at the casino. You keep throwing your money in the machine hoping that it'll spit out the jackpot. I mean, the bid timer doesn't even run out if people keep bidding... So totally luck of the draw...

The guy was lucky though.
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Old 07-13-2011, 08:28 AM   #22
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Its a penny auction site, so if 100 people around the world use 500 bids, thats 50000 bids, and $30,000 for the auction site,etc.
Didnt see how many bids were made on that auction,.

If he spent 300, then someone spent 299 to be second, 298 to be third, etc. The auction site makes money.
Exactly! Plus there was probably some incentive to the dealer that provided the car to the site and therefore the site got the car at rock bottom pricing.
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Old 07-13-2011, 08:44 AM   #23
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It's probably a leftover '10 that a dealer discounted heavily to the site...great deal none the less.
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Old 07-13-2011, 09:41 AM   #24
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Lucky new owner

Frankenmuth man buys new Camaro for $5.28

http://www.wnem.com/story/15062471/f...camaro-for-528

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Old 07-13-2011, 09:44 AM   #25
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Here's a video:

http://www.cnn.com/video/#/video/us/...ive.bucks.wnem?

At first I didn't understand how no one bid higher than that, but seeing as how it's a penny-bid site, the car got 528 bids. And each of those bids cost .60c, so it adds up. Not to a price of an SS of course, so he wins
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Old 07-13-2011, 09:45 AM   #26
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Old 07-13-2011, 09:45 AM   #27
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LOL!!
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Old 07-13-2011, 09:47 AM   #28
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What a deal!
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Old 07-13-2011, 09:54 AM   #29
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Think of this another way. Purposely let this dude win the car. Let's say it costs 35k to make that happen. Now EVERY mental patient will believe that they too can do this. The company just spent 35k on very clever advertising. This is a fraction of what normal advertisements cost and this one will be a hell of a lot more effective. Greed is a powerful motivator.
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Old 07-13-2011, 10:17 AM   #30
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I'd happily pay $322 for a brand new SS Camaro.
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Old 07-13-2011, 10:32 AM   #31
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Old 07-13-2011, 10:47 AM   #32
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Guy at work sent this to me - insane!
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Old 07-13-2011, 10:55 AM   #33
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Originally Posted by 10forty2 View Post
Uh...technically speaking, he paid $300 for the car. He won the bid at $5, but he paid $.60/bid for 500 bids. That equals $300. Still a damn good deal, but a little deceptive!
He wasnt all 500 of the bids. Why would you go an outbid yourself?
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Old 07-13-2011, 11:20 AM   #34
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Guy at work sent this to me - insane!
Wow, awesome sig pic...how long did that take to set up?
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