Which ever smug accountant came up with the system of assets and liabilities, and threw cars on the latter side, clearly did not have a fucking clue what he/she was talking about.
But how could anyone predict that a car which sold for around R100,000 in the late 1980’s and early 1990’s, would retail for over R1.5 million in 2025.
The BMW E30 325iS has proven it can run for President in South Africa, mainly because it has a cult following and people will kill for it.
This past month, the Gusheshe market was shaken up once again after a silver 1991 Evo spec iS was auctioned for R1.56 million at Creative Rides in Johannesburg.
While the iS was built for the ultimate driving experience, many buyers today are opting to purchase, store and then resell their machines.
Why wouldn’t they, at the rate we’re heading, you could probably fetch north of R3 million for an Evo 2 in a decade.
Cars have, in recent times, appreciated at the same value as fine art has back in its hey day.
Car’s are modern society’s way of showing the world their financial prowess.
Being the owner of a clean E30 325iS in today’s world means you have money and style.
If not for the 325iS in South Africa, then the 333i surely solidified the E30’s status as a legend.
Number 159 of 210 went under the hammer at Creative Rides recent auction and fetched a whopping R3 million.
