Why are the cars overpriced?
Asked by Wangara Feb 20, 2021 at 10:19 PM about the 2010 Land Rover LR4 HSE
Question type: Shopping & Pricing
I wanna ask why does Kelly Blue Book show me a 2010 LandRover LR4 with
108,000 miles that I have just seen on car guru show me the car is worth
$8,548 while Car guru is showing me $14,399 for the same, I mean a profit of
almost $6,000 is day light robbery don't you think so???
3 Answers
During these times of Covid, book values are low and have not kept up with the inflated prices due to the supply and demand of the current market. I do agree with you that paying $6K more for a vehicle is crazy, I have seen on average, around $1 to 2K more. I would pass on that particular vehicle, and look for another. I would also caution you on buying a used LR, as they can be problematic.
The pricing guides no longer reflect reality due to the supply and demand problem we have now. Unless you like really big repair bills stay away from old, used Land Rovers.
Are you seeing retail prices or wholesale (trade in) prices? There's a big difference. Hope that helps! Jim
