Smokoo sells BMW 520d for R268.94

Five days ago Smokoo announced they would be auctioning off a white BMW 520d Sedan worth over half a million rand for just R15. A great marketing ploy, most people thought, until they had a closer look. Smokoo has garnered a reputation over the last few months for selling expensive cars for less than 500 bucks. In fact, to date, there was only one car of the, plus minus eight or nine, which were sold for more than 500 bucks.

The biggest bargain in terms of cars went to a user by the name of Brainstorm. During March, when Smokoo staged a car auction every Monday for the entire month (and threw in a Harley for good measure), Brainstorm secured a Kia Picanto for only 4 bucks. One can only imagine how thrilled this user must be. A Kia Picanto, straight out the box for 4 bucks.

And so the stage was set for the anticipated BMW 520d Sedan. How much would the buyer get it for? How long would the auction last? When would the right time be to place the final bid?

The BMW 520d was sold to a user with the username Builtcare. Builtcare purchased the BMW for R268.94 without breaking a sweat. Let me reiterate; a BMW 520d for R268.94! This is a saving of over 99% on the cars retail price.

Smokoo functions off an innovative auction system whereby users pay to bid for their favourite items. Items sold include the latest gadgets, kitchen accessories, home appliances and other great stuff. Smokoo is even auctioning off a trip for two to the Rugby World Cup in New Zealand in a few days’ time.

The auction system works as follows: the system is based on the successful penny auction model whereby participants in an auction pay for their bids placed. This allows Smokoo to sell items for a fraction of their cost and allows users to purchase items for next to nothing. Each time a bid is placed by a user the price increases by one cent and when an auction comes to a close, the final price is the price the final bidder will pay for the item.

If all this sounds complicated, it’s not. The auction system is easy to understand and even easier to use. If any new users run into a hassle, Smokoo has a support desk ready to assist users with any issues or questions they might have. The support staff are friendly and efficient and knowledgeable and pride themselves on great service.

If bargains are your thing and you are tired of paying retail, sign up on Smokoo today. I did. http://www.smokoo.com/