The car to be estimated is a 2023 Land Rover Defender Supercharged V8 5.0L 90 X V8 (P525). We have a selling price for a 2023 Land Rover Defender I4 2.0L Turbocharged 90 SE (P300) at SAR 345,000, sold in January 2024. This car is a lower variant with a smaller engine. The new price for a 2025 Defender 90 V8 (P525) is SAR 646,645. Assuming a 15% annual depreciation, the 2023 model would have depreciated approximately 30% by 2024, making its estimated value around SAR 452,652. The 2023 Defender 90 SE (P300) sold for SAR 345,000, which is a base model, indicating a significant price difference due to the engine and trim. Considering the higher trim and engine of the V8, the estimated market price should be higher than the depreciated value of the new model and the selling price of the base model.