Some folks have been getting new 505's on clearance at Target for $170-$190.
Is the 505 a "demo" unit? If so take a peek at the threads here on MR on how to "fix" this so you know what's what.
Hard to say what to do. The big differences are the 505's 1" bigger screen and memory slots along with the additional page turn buttons along the side. Only you can decide if any of those things matter or not.
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