I have the Pfaff Ambition 1, there are 3 styles. The $599 is most similar to those made in late 80's & early 90's. I know because I have the 1467 that is still working perfectly. I had to send it in for minor repairs and like you figured it would eventually wear out so purchased the Ambition 1 for approx $1000. If the Essential had been available at the time I would have purchased it instead simply because it has all I need for what I use the machine for. I piece, sew on bindings and do some quilting with decorative stitches and always use the built-in walking foot. I also have a Janome and Juki but rarely use either of those. I don't think you will be disappointed buying the Essential if what you want is something similar to the 1471 you now have.