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Buy the warranty-somehow I did not realize I could buy the warranty from Sony (although they never brought it up at J&R when I bought my PRS505 -or the one I bought as a gift)....and when my reader broke-and I had no protection,it was going to cost me nearly as much as replacing the reader with a new 505 to repair it-ultimately I ended up buying the PRS700-and I was NOT going to repeat that mistake again.I feel much better knowing,that should something befall my current beloved reader,I will have protection,at a more reasonable rate (hopefully).
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