Iphone 4 16 gb out of warranty replacement

Hello, I have a Iphone 4, 16gb, that is past its applecare warranty. I heard that you can sometimes pay a $149 fee to get an exact replacement. Is this true? What are the limitations? The phone works for the most part, but the sound/vibrate switch keeps braking (fixed twice already) and the main button is not so sensitive any more.
Thanks,
Andrew

Yes, it's true. If it's not functioning and Apple determines it's a hardware problem, you can get an out of warranty replacement.
However...
andrew4h wrote:
The phone works for the most part, but the sound/vibrate switch keeps braking (fixed twice already)
How EXACTLY, did you get this fixed? If you opened the phone, or had it fixed by an unauthorized 3rd party, Apple won't touch that phone. You can not get a replacement from Apple.

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