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Still running models on an M1 Max, which is a bit older than that.

That statement made sense ten years ago, easily. Less now, though.

Please send me all of your 4090's.

Oh? How come the four year old 4090 RTX cannot be purchased for less than (or even at) MSRP then? Can you buy me one? I'm willing to pay $500 even if it is worth zero in your eyes, that's a stellar deal.

Tell that to the 3090s still selling at $1500 how many years after manufacture, used?

My 12 years old Xeon with 32G would like a word with you.

Sure, it has value to you, I'm the same. My main workstation is 10 years old. But try to sell it.

GPUs are holding value longer, for obvious reasons. But even a 5 year old PC or server will be out of warranty, full of NLA components, and will get pennies on the dollar of its original cost on the salvage market. Most businesses will have fully depreciated them and maybe expect to sell them for enough to cover the costs of disposal.

I know VPS providers use these machines until they die and then simply swap them for something else until they die.

There are ways to salvage old machines even when there is 0 support left/available.