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In 95% of all cases, the original storage device, i.e., the HDD, is dying (bearings slowing it down), and a conversion to an SSD (Solid State Drive: no bearings at all) will not only fix it but also increase performance far beyond what it was when new.
SSD conversion can be done for $180 on a laptop or $220 on an iMac, including labour and a thorough cleaning of the cooling system, data migration, and general diagnostics. An older iMac will also need a $60 conversion kit (OWC thermal sensor, brackets, glue strips). The cost of the SSD depends on its storage capacity. The SSD's size depends on how much data you want to store on it.
120GB -$100;
240GB = $130;
500GB = $190;
to 1TB = $290
Other common issues include worn-out batteries, which can be replaced for $160 plus the cost of the part, and slowed performance due to overfilled storage capacity. Keyboards can be replaced, and moisture damage can be mitigated by replacing damaged components.