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Listen. The Armored Panda is 100k because it's rare. Clearly stated when you tap on this beastly fellow. Now if you don't like the price then don't buy it, problem solved.
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"Why is it rare? Its 100k"
That was the explanation of the rarity of the Panda when you tapped on it
Thats like
"Why is Hershey's made out of chocolate? Because its 1 dollar"
But anyways... Im not gonna complain on it. For a 100k mount, you should have expected an advantage.. so the 5 horse breath and 2 person mount makes it at least worth looking on before you decide to buy it or not (but for some.. not the price). And either way, you aren't forced to buy the panda. You got the turtle mount which basically has the same stats except the speed.
If you can get over the minimal amount of speed reduced from this mount, its definitely worth it... Also, this isn't furniture.. Its something that you can use whenever the heck you want! (Unlike the god damn piano! God damn! i freaking hate that piano! freakin 50000 GGGGRRRRRAAHHH! Um... Nvm..)