I recently repaired a Sony soundbar system for about 30% of the purchase price, so definitely not "at the cost of replacement". Replaced a phone screen for 10% the cost of a new one etc.
Today, I'm returning a leased car. I had a small crack in the front bumper (trailer hitch in a parking lot). It isn't one of the new sensor-packed bumpers; just a vanilla one.
It cost $1,000 to repair, because they replaced the entire front bumper, and the paint cost more than the part.
It also had to be done at the dealer, because of the lease requirements. The body shop down the road would have done it for half that. I have since found out that the dealer sends the car to a body shop anyway, and they probably only charged half, so the dealer pocketed the difference.
I am never leasing a vehicle, ever again. This was my first, and last time.
All in all, it was quite cheap. I probably saved a lot of money, but I don’t like surprises. I’ll gladly pay more, for no surprises.
I foresee a future Black Mirror episode about Apple Home: $1m for a $250k condo. When the fridge breaks that’s gonna cost you $990k to repair. Might as well just buy a whole new home.
In one case, I had a laptop that developed a few, simultaneous problems. It had the notorious "stickyyyy keyyyyyyboard" issue, as well as a loose Thunderbolt port, and issues with the EFI system.
They basically replaced the entire computer. The only thing that didn't change was the screen.
Since it was under warranty, it didn't cost me a dime, but the report said it was about two grand's worth of repairs.
The cost of repair is calculated to be just below, or at, the cost of replacement. It's unusual, but not unheard-of, to have it more than the cost of replacement.
I've encountered this with TVs, phones, VCRs, stereos, non-Apple computers, cars, and I have heard stories of this applying to buildings and homes, as well.
And I find that infuriating, as it leads to waste.