* Shocks and struts wear out
* Catalytic converters are a semi-wear item
* In winter states that use salt, rust absolutely destroys things. I've had the exhaust system rust through on all of my vehicles (simply happens with age).
* Seat cushions, steering wheel, and other high touch surfaces wear. Likely not an issue _now_, but means a few years down the road, these things will be broken.
* Engine accessories - belts, starters, alternators, pumps, etc. Everything is just a bit closer to it's failure point.
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Most of these issues aren't particularly expensive on their own, but they add up. Further, your expected maintenance is wildly different.