Ok i need some serious help here

ok so my xbox 360 has been giving me the "ring of death" for quite some time now. but it still hasnt stopped working. so i have a few options here. i can repair it through microsoft, i can save up for an elite which i really want but will take a long time to save up for, or i can get a free premium off this one website but that will take a while to earn as many game points as a need. so what do you all think i should do

Get it repaired for free through MS. Save up for an Elite, then sell your premo. or put it on a different TV at your place. Come on buddy you can decide what is best for your self, but thats what you should do.