I frequently hear from people with buzzboxes that have gone "dead". Newer units too. I've seen switches, fans, diodes, selectors, and even cables go bad, along with a few other issues. Simple to fix? Possibly. Cheap to fix? No, not if you send it off at 75.00-100.00 per hour repair rate. Worth it to fix? Well, from the number of customers with dead buzzboxes I get, apparently not. You may think that buzzboxes are weather resistant, but you'd be wrong. Fans, fins, and such can clog up with "dirt" daubers (mudwasps). Selector switches can get moisture in them, freeze, or severely corrode. I've had them seize up too, personally. I had power switches (the big light switch on the front of the tombstone) fail after six months in a farm shop. I've seen fans stop turning too while the welder was on. Not long ago, I got a call from a customer where their tombstone transformer "failed". All of these parts, if you decide to fix it yourself won't be covered under warranty (because you are fixing it yourself). If you take the time to load it up and take it somewhere, it might be worth it, if you can get a quick turn around. If it's out of warranty, its better to scrap it by the time you pay for parts and labor.
Many buzzboxes made in the 70's and 80's and even 90's are more aluminum than copper and feature unreasonably low duty cycles. The aluminum heats up more and while it is lighter, it is more subject to corrosion and resistance to electrical flow.
There are tons of PowCon inverters out there that are still in service, and many being rebuilt because people realize their value and worth in the long run.
I don't know if people are aware that most transformer welders, all but the cheapest buzzboxes, have electronics inside, with power boards that control everything from solenoids to contactors. The difference is having a huge transformer, or small, economical and powerful transistors added to the circuit. There's complexity in a transformer that most people don't understand...and small issues, including rust and corrosion with one can create a problem.