Winbook Z1 Notebook conked off!!

I have a 3 year old notebook, and it gave a mild burning smell from the place where the power cord goes into the laptop. Now the laptop does not turn on. I had the power cord checked, and that works fine. Does anybody know what the problem is? For the past month or so, the laptop used to switch to the battery mode even when the power cord was plugged. I had to shift the power cord and make sure it is snug to make it revert back to the power mode. I don't know if these two problems were interconnected, but seemed like the latter would have caused some burn out inside my laptop. Does someone have any experience in this?

Do I just need to forget about this and buy a new notebook?
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CallandorConnect With a Mentor Commented:
This sounds like you had a loose connection in the charging circuit that burned up a component.  You should be able to get this repaired, but it will probably cost you a couple of hundred dollars.
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