Different product, but same logic. Four years old clothes dryer started making a racket ... we called repair guy, and with house call and fix (he knew what the problem was) was $99 house call, $180 parts and repair. So, for $279 we'd have an old dryer, with other parts probably ready to fail.
We looked at same brand new model at $409, so for $130 more, we had a new dryer. No thought required.