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With the improvement in quality and reliability of TVs over the years I would definately buy a new TV in your case. Buying a new TV ensures that you will have a working one and with the cheap warranties many large electronic stores offer now you can ensure that it will work for at least 2-3 years (more?). Repairmen often over charge and can be unreliable so I try to avoid them all together, and 220$ does sound like a lot for a transformer replacement... but i could be wrong...
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