logic board failure in iPad2

Did you buy it with a card that extends the manufacturer's warranty?

 

To answer your question, Yes, you are out almost $1000. There's a reason their warranty is only for a year, just as there's also a reason as to why they offer AppleCare for it.

Also, it wouldn't really be worth it to just replace the Logic board. You'd be better off just replacing the entire unit.

 

Replace the logic board? I don't think that's possible. All they do with failed iOS devices is to swap them out with replacement units. So basically, if your unit is out of warranty, you just have to buy a new one.

 

Ouch, sorry to hear. It's stories like this that make me weary of buying used on Kijiji or Craigslist, I'd rather buy used from Apple store direct with warranty.

But then again iPads with failed logic boards are a bit of a rarity, as we don't really hear much about it on the forums.

 

Apple doesn't sell used, they sell refurbished. Their refurbished products are in like new or better condition. A used product, not so much.