Man buys Chevrolet Camaro SS for $5.28 - Click above to watch the video after the jump

Penny auction sites like QuiBids or Beezid that advertise $18 iPads and $15 laptops sound too good to be true, and some simple math shows that the sites end up winning big in the end. That isn't always the case, though – at least not when it comes to pony cars. CNN reports that Jonathan Mason of Michigan purchased a brand-new Bumblebee yellow Chevrolet Camaro SS for only $5.28 using the site Fastpennycars.com.

Amazing, right? Well, before you trip over your mouse on the way to the site, keep in mind that each bid of one penny costs 80 actual cents, and there were a total of 528 bids. Mason's Camaro only cost him $5.28 plus the cost of any bids, but the site collected $422.40 in overall bids. That's a far cry from a $31,000 Camaro, but keep in mind that Fast Penny Cars is a newer site, without a big following like QuiBids. On QuiBids, an iPod Touch will sell for $10, or 1,000 bids at 60 cents each, which is quite a deal for the website. Well, that was the case until this story broke. Fastpennycars.com is now so backed up with traffic, we couldn't even get to the homepage.

Hit the jump
to watch as CNN explains how a Camaro can be purchased for $5.28. Mr. Mason may have gotten the deal of a lifetime, but we're guessing the next guy won't be so lucky.



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  • 265 Comments
      • 3 Years Ago
      [blocked]
        omegaslast
        • 3 Years Ago
        hahaha, awesome, they couldnt have made it more obvious that this is an exec at the company. (well, i guess autoblog was too stupid to pick up on it) thanks autoblog for making sure this ponzi scheme gets even more publicity. its not about luck, anyone with a brain can realize this guy is in no way shape or form a random person that happened to bid on the site, hes just bait for shitty journalism like CNN
          • 3 Years Ago
          @omegaslast
          [blocked]
      Frank
      • 3 Years Ago
      Everyone is so gullible!
      Kaze9
      • 3 Years Ago
      holy crap what a brilliant scam
        Kghd
        • 3 Years Ago
        @Kaze9
        That's exactly it. I was actually amazed on this type of business model, a brilliant one. Would love to be an owner of one.
      painter601
      • 3 Years Ago
      I think this article is a scam to reel people into the QuiBids or Beezid sites. There was a related story about a year ago about someone winning a car or laptop for pennies. Be careful.
      Jeff
      • 3 Years Ago
      This is a bunch of BS..........Another scam and people will jump in and lose their money.......BE Careful.
      hp
      • 3 Years Ago
      Publicity stunt, probably the site owner's brother-in-law or someone he owes money to.
      ammca66564
      • 3 Years Ago
      And you, Autoblog, are the ones who just got scammed, giving these fraudsters publicity worth . . . a whole lot more than a Camaro. You guys ought to watch out better for people who scam you like this and not give them the benefit.
      Steven
      • 3 Years Ago
      Seems to be a bit of a publicity stunt... The loss from selling at '5.28' will be more than made up with the exponential increase in traffic and others trying their luck to win.
      rswager
      • 3 Years Ago
      SO basically QBids and the other penny sites are NOT auctions, but thinly disguised on-line GAMBLING sites!!
        allby65
        • 3 Years Ago
        @rswager
        It's gambling, but it's not like the lottery!!! Atleast with the lottery there are a pool of winners who picked the right number,but the penny auctions only provide winnings to the highest bidder,note this is not a (scam) just a gamble that has one winner per item...
      • 3 Years Ago
      Nice try ... not buying it though. Typical scam in which the person or persons involved are affiliated with the auction site. This is just to get people to check out the site and bid . NOTHING MORE DONT FALL FOR THIS CHEAP ADVERTISING SCAM AMERICA
      gr8bsn
      • 3 Years Ago
      Something tells me this entire article is an ad in disguise.
      raegrant5
      • 3 Years Ago
      These penny auction sites all need to be taken off the internet. They are a scam even if one person finds something really cool, the vast majority do not. It cost on average $300.00 just to get enough bids to start, then if you bid all your money away some one can come in and take your item with another bid and you do NOT get any of your money back if you loose the bid. I am trying to find out how to get these sites and others like them banned from the internet. The other one is the add that is all over the net," you have won a new lap top!! Just take the servay and meet all the sponser requirements." These are scams and other people are takeing YOUR money while you smile and give it to them thinking your getting away with something! Keep your money in your pockets! Stop giving it away to these scams!! Each penny costs at the least 50 cents and as high as .80 cents. Who in their right mind pays .80 cents for a penny? I have a whole jar full I can sell anyone for .80 cents each if you really want to spend your money on something! It is a scam, scams onely make ONE guy rich and he probably doesn't even live in the USA. Keep your money in your pocket.
        flychinook
        • 3 Years Ago
        @raegrant5
        Wow, that comment is one big mess of confusion. They aren't selling pennies, they're selling bids. There are plenty of REPUTABLE penny-auction websites out there, they explain the bidding process, fees, etc. This is the exact opposite of a scam. If you take a few minutes and READ the directions, you just might be able to make an informed decision, instead of assuming (wrongly) that it's a scam. What you're doing is kinda like not reading a car loan contract, then crying SCAM SCAM when they send for the first payment.
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