All I can say to your posting is GOOD LUCK to you. I really hope you don't get the junky product so many people complain of in the new Singer machines. I also hope you BEST WISHES in not having to mail your machine and eat the cost of this to cover warranty work. And of course, the hope that you will never want to trade it in because 90% of sewing machine dealers will not take it as a trade in or give you pennies on the dollar for it.
"Simply taking it in for a new one" is not as easy as you say, since you will likely have to mail it away and absorb shipping costs. Nope, I'd rather buy a machine that holds it value and has a good reputation. Like I said, good luck on your decision.