For a student instrument, what is a good way to determine how much money to spend repairing damage? For example say it's a student violin running $2500 new, it's a few years old and was purchased for $1200, damage was not apparent to the buyer. To get it properly repaired and able to play the estimate is $1000, so nearly as much as new violin with no damage at all.
And is there some kind percentage where if it exceeds a certain amount of replacement value it's financially unwise to repair?
Thanks in advance for any thoughts you might have on this!