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Starmark adds one year to the remaining warranty and covers up to 100K miles. So if you buy a used 2008 with 25K miles, you have three years and 75K miles left. If you drive 25K miles per year, it's good coverage. If not, well, you got an extra year. Not many people would pay $1000-2000 for a one year warranty. YMMV
McLovin is quoting the 'average' Manheim Market Report (MMR) values. There are many more 2008's than 2007's out there right now. Add $2000 and subtract 10K miles for the newer year.
The thing about averages is that you can find deals well under average, or you can pay way over average. Colors, miles, equipment, condition, geography, the weather that day, etc all play a part. Auctions aren't always logical. Dealers aren't always the brightest bulbs.
Still, if IROC Mike can buy a 2007 with 35K for $24-25K from his local Mercedes dealer, he should take them up on it. Unless it is the wrong color, wrong equipment, wrong condition car that you can buy for $20K at auction (yes, the spread can be that big). McLovin can verify.
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