dont underestimate possible cost of refurb. My rancilio (about 10yrs old) really diddnt need much at all - maybe $80 for all gaskets etc, $50 for powdercoating. Plus lots of time. My pavoni (about 35 yrs old) is probably looking more like $150 gaskets etc, powdercoat and paint $80+$100, new 2way $85, some rechroming $100?, new switches etc $40. Id personally always go the old and fix up just because I enjoy it.