xbox 360 red ring of death?

Q: I was going to buy a 360. but thn, i heard all of these red ring of death stuff. now im not sure if i want ot buy a 360 anymore. I am getting my 360 from Ebay, so it might be an old version. Ebay= 150 dollars Store=300dollars there are 150 dollars of difference. but i can just go to store and get a 360 without gettin a red ring of death. Will Microsoft fix my 360 for free even if i get it from Ebay? Do you guys think i should buy it from ebay or normal store?

A: if the xbox 360 is already registerd with mircrosoft then they wont fix it becuase they will ask for the email etc of the pervious owner and it may one of the old versions with the hitachi drive and it might be unreliable so i wont buy it from ebay and i would jus go the the store and buy it p.s get a ps3 so much better i got both consoles and i like the ps3 way better

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