I have no independent expertise to offer on this, but I do have a supportive anecdote. I was faced with a very similar decision a few months ago ($400.00 to repair a 4 year old computer). I was not surprised that every computer store I talked to told me to buy a new computer, but my confidence in this course of action was increased when the IT guys at both my (campus) employer and my wife's (for-profit business) employer both agreed, and said that in their view 4 years was the reasonable useful life of modern laptops (the IT guys both said they get new puters no later than every 3 years, but confessed that might have been job and personality related). Having had several desktop PCs for more than 5 years each in my pre-Apple days, I was a little skeptical of this, but we went ahead and got the new machine, and have not really regretted it. Every time I wonder if maybe I could have saved myself 400 (increasingly) precious dollars by making the repair, I remind myself how I would have felt if I had invested the $400 and then found another $200 - $400 problem a few months later. Plus, everyone I talked to said that I should not even consider investing an additional $400 in fixing the old machine if I did not also upgrade the RAM, which would have gotten me in even deeper.
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