R40,000 ???

Haven't really heard of that issue in the 2004 models, although have heard of the 2006 models back glass shattering spontaneously due to some problem with the demister temperature.

Happened with my Mom's E30 320i on the highway years ago - your first thought is someone is shooting at you. Not cool!
 
Go with the Toyota.......that reliability and peace of mind is something you cant buy with another brand.

Maybe a 1997 Corolla 160i GLE will be a good option also, comes with AC/PS/CL
 
If you want to get into something much safer, you could use the money as a deposit and maybe get yourself a Toyota Yaris for about 70k - 80k. That's what I would do. :)
 
You can have my Mazda MX5 for 40 000 it's a 1996 112 000 km very good condition.
 
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