Karen,
I also own a Phaff sewing machine and I'm very pleased with it. Mine is the Tiptronic 2040. It's 7 years old and has never given me any problems, aside from seeming to be a little fussy about small things...but my previous machine was my mother's 1949 Necchi, which is built like a tank and, believe it or not, still runs like new...the only reason I bought a new machine was that the Necchi didn't have any of the fancy stitches.
I Think you will enjoy the Phaff..they are good machines...I'm told that the Levi Strauss Jeans company uses Phaff in their factories. Good Luck!
Mary