Win this 2016 Honda City by bidding as low as RM 1, but there's a catch
Arvind · Oct 25, 2021 03:48 PM
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Big on style, practicality, and value – the sublime GM6 Honda City is no stranger to Malaysian roads. WapCar is now giving you a rare opportunity to own a Honda City GM6 for as low asRM 1 in its Lowest Bid Wins contest.
All you have to do is place a bid (as low as you want) for how much you are willing to pay for the Grand Prize, which is a Honda City 1.5 E, valued at RM 55,200.
2016 Honda City GM6 pictured
If your bid is the LOWEST, NON-REPEATING bid after the contest period, you can purchase the vehicle at your bid price. Each participant can submit up to two bids in a day, additional bid chances can be earned by completing tasks on the activity page. Tasks include daily check-ins, getting friends to click the contest link, or simply browsing Carsome's used car page.
To simplify how the contest works, let’s look at the following. Let’s assume 10 contestants have placed a single bid during the contest period.
Example of Lowest, Non-Repeating bid
Contestant
Bid amount (RM)
Status
1
1
Void - (Repeated by Contestant 7)
2
15,800
Valid
3
1000
Void - (Repeated by Contestant 5)
4
5000
Void - (Repeated by Contestant 8)
5
1000
Void - (Repeated by Contestant 3)
6
11,575
Valid / Lowest unique bid
7
1
Void - (Repeated by Contestant 1)
8
5000
Void - (Repeated by Contestant 4)
9
19,150
Valid
10
25,890
Valid
In this case, Contestant 6 will win the Grand Prize because he/she has the lowest unique bid (which has not been replicated by another contestant). In the case of Contestant 2, 9 and 10, they also had unique bids, but it was higher than Contestant 6.
The next 10 closest, non-repeating bids to the winning bid price will receive the second prize of RM 1000 Carsome discount coupon. The 11th to 35th closest bid will receive the third prize of RM 500 Carsome discount coupon.
Bid chances are reset at midnight daily. The more times you bid the higher your chances of winning.
Besides placing more bids, it makes sense not to place bids that are too low as there is a chance they could be replicated by another contestant.
Therefore, it’s a good strategy to bid a little higher as it improves your chances of being a unique bidder. However, if you go too high, you might not be the lowest bidder - that's the challenge!
All contestant bids during the contest period will count, unless repeated by another contestant, in which case it is considered no longer unique.
What happens if I win?
Once verified, the Grand Prize winner can then purchase the car at the lowest bid price via full payment in cash or bank loan.
All prize winners will be informed via SMS and be contacted by WapCar's customer service. Should the winner give up on buying the vehicle, the grand prize can be converted into a Carsome Used Car discount coupon.
The value of the discount coupon will be based on 80 percent of the difference between the winning bid price and the original car price.
The discount coupon will be credited into the user's corresponding Carsome account, which can then be used to buy other Carsome Certified Cars with a minimum selling price of RM40,000.
The contest period runs from 25th October 2021 to 8th November 2021. For more contest details and to place your first bid, click HERE.
Arvind can't remember a time when he didn't wheel around a HotWheels car. This love evolved into an interest in Tamiya and RC cars and finally the real deal 1:1 scale stuff. Passion finally lead to formal training in Mechanical Engineering. Instead of the bigger picture, he obsesses with the final drive ratio and spring rates of cars and spends the weekends wondering why a Perodua Myvi is so fast.
