Yes, it is.
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it's Pat Monahan of Train
I believe they go back to the manufacture for recycling, the longevity of tires depends on: track conditions and surface, how the car is set up, and how soft or hard the tire is, (a soft tire will wear-out much quicker than a hard tire).
I'm Gonna Be (500 miles)"
It's worth about 500$ to 600$ or a used from 400$ to 500$ hope this helps
500 benz