I would consider that I got my moneys worth out of the panasonic and buy new... now if money was an issue, then I would repair the old bike. In fact, I have 3 bikes and recently purchased a new road bike (which really a sweet machine) and considered which bike I wanted the least (because I only have room for 3) and sold that one... I couldn't be happier with the new bike. I still use the backup bikes depending on the situation and my mood.