Indy mechanics charge around $500. Stealerships charge an arm and a leg and sometimes your first born.

Thats strange ... the first inspection .. Inspection I ... should be covered under the maintenance warranty of the vehicle. Its usually the second inspection ... Inspection II ... that comes at the owner's expense.
By the way ... $500 for Inspection II seems quite cheap considering what i have heard some people paying for their inspections.

Woah Woah!!!! Inspection II is pretty major.

List of items for inspectionII.

Undercarriage

* Change engine oil and filter while engine is at normal operation temperature.
* Check transmission for leaks.
* Check rear axle for leaks.
* Visually check fuel tank, lines, and connections for leaks.
* Check condition, position, and mounting of exhaust system. Examine for leaks.
* Check power steering system for leaks.
* Check overall thickness of front and rear disc brake pads.
* Examine brake disc surfaces.
* Clean brake pad contact points in calipers.
* Grease wheel center hubs.
* Check steering for absence of play, condition of suspension track rods, front axle joints, steering linkage, and joint disc.
* Check front control arm bushing for wear.
* Check brake and clutch system connectors and lines for leaks, damage, and incorrect positioning.
* Check for free movement of the parking brake cables. Adjust parking brake if necessary.
* Check all tire pressures (including spare). Correct if necessary.
* Check condition of tires (outer surfaces (left/right)), tread wear and pattern; In case of uneven tread wear readjust wheel alignment if required.
* Check thickness of parking brake linings.
* Half-shafts; check for leaks at flexible boots.
* Inspect entire body according to terms of rust prevention limited warranty.

Engine Compartment

* Read out diagnostic system
* Check engine cooling system/heater hose connections for leaks.
* Check coolant level and antifreeze protection level; add coolant if necessary.
* Check level of brake and clutch fluid in reservoir; add fluid if required.
* Check windshield washer fluid level and antifreeze protection. Fill up and/or correct if necessary.
* Check air conditioner for operation.
* Reset Service Indicator.
* Replace spark plugs. (Depending on model year)
* Replace intake air cleaner element.

Body/Electrical Equipment

* Check battery electrolyte level and add distilled water if required.
* Perform batter load test.
* Check lighting system, i.e. headlights, foglights, parking, backup, license plate, interior (including map reading lights), glove box, flashlight, illuminated makeup mirrors, luggage compartment lights.
* Check instrument panel and dashboard illumination.
* Check all warning/indicator lights, check control.
* Check turn signals, hazard warning flashers, brake lights, horns, headlight dimmer/flasher switch.
* Check wiper and washer system(s wiper blades, washer jet positions.
* Check condition and function of safety belts.
* Oil hood, trunk/tailgate, and door hinges.
* Grease hood, trunk/tailgate and door latches. Check operation of all latches.
* Check central locking/double lock.
* Replace microfilter or Acc Cabin Filter.
* Check heater/air conditioner blower, rear window defogger.
* Check rear view mirrors
* Visually examine the SRS airbag units for torn cover, obvious damage or attachment of decals, decorations, or accessories.

Final Inspection

* Road test with check of brakes, suspension, steering, clutch/manual transmission or automatic transmission.

Hmm i touched mid 60K. dat means mine is due soon, gosh dat sucks. My 1st inspection cost me nearly a grant now aint spending another grant lol

yeah.. that's what i thought

i say just look in the manual and get specific things done. i'm betting all you need to do is change the oil and a few air filters.