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If we go the replace route. We should be looking at more refurbished equipment. Instead of an appliance going to a junkyard, a company/service would replace with a returned unit. Then take your broken one, fix/refurb that one and keep the cycle going.
But that takes labor, parts, storage, shipping, etc.
Let's not forget the quality of the repair work. A lot of people may repair something but do it so poorly that they will have to deal with it again soon or it is unsightly. Repairing things is a skill, and when starting out people will fail or do a poor job.
I do all the repairs at my house. It takes a certain mechanical inclination for some things that many people don't have.