Just curious. Throw your own version of the situation in. I've read it many times over the years online about the division of thoughts on making the repairs even though they cost near what the current value is, vs. junking it and so called "upgrading". I'm not asking for advice as I will do what I wish anyway, but am curious to learn more of the thought process for making your decision to go either way.

 In other words, do you focus on the current value of the piece you have, or do you look at the replacement cost and risk? What is it that makes you decide one way or the other as the piece you are familiar with is broken or in need of the expensive maintenance?