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This phenomenon is not unique to damaged wheels. Check any craigslist for used tools and you will see rusted out 30 year old garbage listed at anywhere from 90% to 120% the original purchase price.
Want an originally $1,000, 10 year old rusty table saw? It's yours today for $950. How about a crappy planer that sold for $500 new? Buy it now (no motor) for only $400. (new motor only $300).
It seems to be the same for generic car parts too. I get that an exhaust system doesn't really degrade from use but I'm not paying 90% new price for used stuff with no warranty.
Sorry for the rant. This apparently hit a nerve.
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