MadBid is auctioning off a brand new car right now!  As of this moment the brand new car they’re auctioning off (valued at $28,999) is at a selling price of $877…could you even imagine?  Well folks, somebody has to win, and the best part is that you can use the Bid-Ninja software on MadBid free (get it here).

As we’ve explained on our blog before, MadBid is arguably the largest penny auction site currently in existence.  They’ve just recently come to the US and have made a huge impact on the penny auction community with their exceptional reputation and customer service.  They have a unique business model in that they put all the bids you spend on auctions you haven’t won into your own personal “kitty” so to speak, called the “earned auction discount”.  So if you spend $20 in bidspend on one auction you don’t win, another $20 on another auction you don’t win and then $20 on another auction you don’t win, you now have a total of $60 in “earned auction discount” that you can either apply to the next auction you bid on OR spend at your leisure in their online store.

That model really makes their site a no risk proposition for a would be penny auction bidder, and it is that business model combined with their stellar reputation that will quickly make them the US penny auction powerhouse to mess with.

Now…about that car auction…if you’d like to have a look or give it go, here is the link: Your Brand New Car! – MadBid.com