Man Buys 2012 Mustang For $563 [Video]

Normally a brand new 2012 Ford Mustang would cost you a little more than $30,000.  So how did this Minnesota man manage to buy his for less than $600?

The answer is a website called Fast Penny Cars, and they give you the chance to buy new cars for a fraction of the price. 

There is a catch of course, but if you are willing to take the risk, you might have a story to tell like Matt Crouse.

The basic idea of the site is a hybrid between ebay and the lottery.  Users bid on the cars that they want, and can only increase the previous bid by two cents at a time.  If you are the high bidder at the end of the auction, the car is yours!

The catch is that if you are not the winning bidder, you are still obligated to pay the amount of your last bid.  Many people are calling it a scam, but if you like to roll the dice once in a while, this might be right up your alley.

WCCO told Matt's amazing story, including the moment he realized he won.

“I realized I won it, and I start yelling and she goes, ‘What are you trying to wake me up?’” Crouse said. “She probably thought it was something like one of them emails you get from people, like you win a billion dollars from a guy in Cambodia or something.”