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Cassper Nyovest flexes with his new R3.6 million car

Cassper Nyovest, whose real name is Refiloe Maele Phoolo, is a rapper from South Africa. He rarely passes up an opportunity to brag about his wealth on social media.

The fans of the Mama I Made It star have witnessed the star’s extravagant mansion, extensive jewelry and designer clothing collections, and jaw-dropping fleet of luxury automobiles.

A picture that Nyovest posted on Twitter not too long ago of his Mansory Bentley Continental GT V8 recently had Twitter users in South Africa drooling.

Cassper Nyovest flexes with his new R3.6 million car
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When Nyovest took to his social media pages, he posted a picture of the personalized ‘Nyovest GP’ whip he had made for himself, along with the caption “This is how we live on this side.” Even though my car is filthy, we will still be entering Konka in just a few!!!

It is said that Nyovest purchased the Bentley at a staggering price of R3.6 million and then had it customized for his 30th birthday celebration in December 2020.

Cassper Nyovest flexes with his new R3.6 million car

FANS NOTICED SOMETHING:


However it goes without saying that whilst Cassper was flaunting his expensive car, fans also noticed that the rapper is wearing a very expensive necklace.

Jewellery is often worn by artists who are involved in the hip hop culture. This is something that has been going on for a considerable amount of time. It would appear that other artists respect you more when you have some rocks and heavy jewelry because they can see that you have achieved success.

Rapper Cassper Nyovest, winner of multiple awards, is one of the artists who likes to show off his success by purchasing expensive things. He does this frequently. The fact that he owns expensive things like sports cars, mansions, and jewelry is evidence that he is wealthy.

His chain is priced at a whopping (R1 483 547,39).

His chain is priced at a whopping (R1 483 547,39).


In addition to other luxury automobiles, the celebrity possesses a Mercedes Benz and a McLaren GT.

How large is the market for pre-owned automobiles in South Africa?

Research conducted on the South African used car sales market has revealed that the industry has experienced a boom in recent years. This is despite the fact that disposable income is decreasing on a monthly basis as a direct result of the consistent increases in the cost of living and fuel.

The pandemic of Covid-19 and volatile geopolitical tension have both had an impact on new car supplies, which has resulted in South Africa’s used car market growing over the years; however, the question remains as to how large this market is and where it is likely to go.

According to Carl Moodley, chief underwriting and claims officer of Generic Insurance Company Limited, the conflict between Russia and Ukraine has had an impact on the availability of brand-new automobiles.

Moodley attributed the recent growth in the used car market to a number of factors, including the floods that hit KwaZulu-Natal in April and May of this year, which disrupted production at Toyota, one of the country’s most prominent automobile manufacturers.

According to him, consumers are increasingly interested in purchasing mechanical warranty insurance, service and maintenance plans, and credit shortfall insurance in order to protect themselves against the costs of repairing cars that are no longer covered under the manufacturer’s warranty.

“When purchasing a used vehicle, even if it is relatively new, there are important risk and insurance considerations to look at,” Moodley said. “Not only in terms of insuring your vehicle for the correct replacement value in the event of theft or accident, but also in terms of protecting your pocket against the unexpected costs of a major mechanical component breakdown, as well as managing your routine servicing costs.” [Citation needed] “When purchasing a used vehicle, even if it is relatively new, there are important risk and

According to Hannes Oosthuizen, the consumer experience manager for Cars.co.za, buyers in the market for pre-owned automobiles looked for vehicles priced between R200,000 and R300,000 during the course of the previous year.

The number that we arrived at for the average price (based on the inquiries that were sent in) was R236 900. This is a marginal increase from the typical figure for the year 2020. During the year 2021, the segment for cars priced between R200,000 and R300,000 accounted for a whopping 20.6% of all enquiries (also known as “leads”) submitted on Cars.co.za. In second place was the segment for automobiles priced between R150,000 and R200,000, which held a share of 16.34% of the market.

“The segment ranging from R300,000 to R399,999 has an 11.82% share of enquiries, which places it in third place. According to Oosthuizen, a more in-depth analysis reveals that higher price segments have grown fairly significantly in comparison with 2020.

According to him, there has been an increase in the number of inquiries made for vehicles that have a higher mileage, with the majority of enquiries made for vehicles that were first registered between 2014 and 2018.

Based on the number of enquiries they received, Oosthuizen claims that Volkswagen, Toyota, and Ford are the top three most popular used car brands in South Africa.

The fourth and fifth places were taken by BMW and Mercedes-Benz, respectively.

According to the SA Vehicle Pricing Index (VPI) for the fourth quarter of 2021 published by TransUnion Africa, the price of used vehicles increased from 2.9% in 2020 to 7% in 2021. The value of the VPI is a measurement of the relationship between the rise in the price of new vehicles and the price of used vehicles.

According to the figures provided by TransUnion, there were 2.31 sales of used vehicles for every sale of a new vehicle during the aforementioned time period.

“The high demand for quality used vehicles, combined with a limited supply, is directly driving the trends we’re seeing right now in terms of pricing for used vehicles,” The fact that consumers and fleets alike are holding onto their vehicles for longer has made it significantly more difficult to source inventory.

According to Kriben Reddy, vice president of auto information solutions for TransUnion Africa, “with a long waiting list for new vehicles, consumers are opting for the used vehicle market – and prices are not going to ease any time soon, as interest rates remain relatively low, despite recent hikes.” The waiting list for new vehicles is currently quite long.

We Buy Cars was cited on a local automotive news site called Top Auto saying that the Volkswagen Polo was the most popular pre-owned vehicle in South Africa.

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