Buy new Oil Burner or fix old one?


The house I moved into 2 years ago was built in 1977 and has a Weil McLain oil burner.My friend says these are great burners and can last a lifetime. However, a few weeks back I was having a few problems. I called an oil burner guy in and he told me that the chamber needs to be replaced. He showed me and it looked like a rusted, burnt piece of tin with a rip going down the middle of it. He said that if I do not replace it, eventually, the soot will return. It would cost $500 to do this. He said I have time but I shouldnt wait too long or the back of the chamber could collapes in.
Is it worth putting $500 into a 29 year old burner? It also provides the hot water in the home.
Any idea how long this will last if I get the chamber?
Tony
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Tony wrote:

I'd get a new one. They are more efficient today. We had same problem several years ago and house filled with soot. Home owners insurance covered but it took several days to clean.
Frank
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