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I just used my father's (don't recall the brand) low end VHS=>DVD all in one converter unit and converted a few of my old VHS tapes, including a movie that was released on tape in 1983. I think he paid $150 for this stand alone unit.
The loss in quality was negligible and I'm thrilled to have this flick on DVD (1973 made for TV movie "don't be afraid of the dark".)
Go with shakran's recommended device...you'll be happy.
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