Well, I'd probably go with your first option, that isn't a bad deal, and if you're fairly new to the sport, the condition of the board doesn't seem too bad, and you can always use the money you got back for repairing the board. You would need to ask a sporting goods store (Big 5, Sports Authority, ect.) that has a ski/snowboard section if it were possible and if so, for how much. Who knows? They might be able to repair it to being like new, and you would have saved some money (hopefully).