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This reminds me of a friend who bought a used reg and bragged to me that he saved $100 bucks off its new price. Then he went and had it serviced as it hadn't been used in 3+ years and the initial service cost almost $150 bucks. what did he really save? So now he has a used reg out of warranty and out of "free parts warranty" that cost more than a new one.
for a "general comparison" consider the below.
New reg, lets say average $400 with free parts warranty.
Lets compare to old reg. First thing you'd want to do is get it serviced. Average $60 labor and $60 parts. $120 total on average. (yeah, I know someone can get it done somewhere cheaper, but those are average prices). So then lets throw in the next 4 years parts at $60/year average. that's $240 bucks. (not counting labor the next 4 years as you have to pay that anyway with annual service).
So initial service ($120) plus parts for 4 more years ($240) sums up to $360 bucks. Now compare that to a cost of a new regulator.
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