Did that piece of equipment just barely sneak past the warranty period before it decided to give up the ghost? That’s not unusual. If I was superstitious or a conspiracy theorist, I would think that stuff was designed to break like that.
Fortunately it is often possible to find repair parts for equipment and appliances to make them good as new. Generally the more you paid for something, the more likely that repair parts are available. I recently repaired a semi-professional grade CD-RW dubbing deck by replacing a failed circuit board. Another example that comes to mind is a control circuit board in a dryer with a steam feature (quite expen$ive) that shorted to ground. This happened a year after the warranty expired. I was able to find and replace the failed relay (a $3.00 part), and the dryer is back at 100%. For very little money!
For items with replaceable parts, this scenario ALWAYS results in happy customers.