Will 'PENNY5' eBay Discount Code Work on a Used Auction Item?

I am looking at buying an expensive second hand camera (>$1500) on eBay (auction). When I look at used items it constantly displays "Pay as little as AU$**** show me how" (linking to PENNY5 code). The terms and conditions of that code clearly state that it can only be used on brand new items.

The fact that I can see the 'Pay as little as' message when I look at used items makes me think the code should still work (despite contradicting the terms and conditions).
Will PENNY5 save me 5% on a used auction item?