Yes, for the Garmin Edge 500, the flat rate repair fee is £68 when out of warranty. However this repair was carried out for free as an act of good will.
The device has been sent to Garmin, they have repaired/replaced it (will see which when I receive it, I suspect they just replaced it) and it has just been shipped back to me, I am just waiting on its arrival within the next couple of days.
I'm the one who bought this - it arrived today in great nick. Rob3rt was a pleasure to deal with and even sent things through special delivery and replaced a cable without being asked to. I would definitely vouch for him in future sales.
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