How man won Chevy Camaro on auction website for $5.28

[jeffrey]

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...

CNN shows how man won Chevy Camaro on auction website for $5.28

[bjl584]

Haha. That's awesome.

[krantcents]

What is the catch? Does he still have to pay taxes on the real value?

[danieldroga]

Wow! That is really a big thing accomplishment. Cool. Many would really die just to have those things.

[Slug]

Can't argue with that price.

[ppiclaims]

Its called loss leading... they make that much money on the little things, they can afford to give away such a big prize for so little... as they are earning so much more overall and the press from this is perfect as a person really has just bagged him/herself a bargain.

Winners overall are the penny sites.