Michael, it looks like you're going through the same thing I went through when I had to make decision whether A= fix my used/old inexpensive compressor that had reached the end of its life ,or B= should I buy a new one and use it nearly problem free for another 10 years , the answer for me was easy since the price of small compressors was/still is about $50-75 more than the price of the parts I needed to repair the old one, now I'm not sure if that's the case in SA but if it is, then I think the best/long term course of action(IMHO) is, to buy another small compressor and dismantle the old , keep the tank for future use, i.e.: air pig tank.