Purchase breaks well within 30 days


I purchased a $3750 dac used from a member and within a few weeks one of the two channels stopped working inexplicably.

The dac is under warranty but because the authorized repair shop recommends the entire dac board to be replaced it may take 4-6 month to get the part as the manufacturer is way behind because of covid and has limited capacity to manufacture things.  At minimum will be 3 months.

I would think
If repair estimated to be free and within 60 days or so the buyer should just be patient and not ask for refund.

But if a very lengthy repair timeline I am of the mind that a refund is appropriate but wanted input of others.

For sake of discussion lets assume seller had no idea there was problem and buyer did not contribute to problem

I must agree with csmgolf.

It's fortunate that the manufacturer extends the warranty to subsequent owners, lucky for you, most do not.

Every time I evaluate purchasing a new vs. pre-owned item, I always factor in the risk into my purchase price offer.
The seller is not a dealer. A dealer might take it back to maintain a good working relationship with the purchaser but there is no such benefit for the seller. Patience is a virtue and this is the kind of deal you cut when buying used equipment. 
This doesn't seem to add up compared to the many transactions I have accomplished on this site. The OP's mention of a CC makes me wonder if this was a dealer of some sort (used equipment dealer maybe?) or maybe the OP is talking about PayPal. Also, the OP's discussion of 60 days and then 30 days implies some form of formal trial period, which is rare but not unheard of for used equipment resellers (such as The Music Room). However, that the OP doesn't seem to know if there was a trial period, how long that period was, or the exact terms, supports what has been assumed here, that the "member" the OP purchased from is a private seller.   If the OP is in fact a lawyer, he/she should have a better understanding of the need to review the terms of a deal.  In the future, the OP should probably purchase their gear new to receive the protections offered by working with a dealer.
ethically a refund is not appropriate...it's the chance you take buying used equipment...certainly is difficult with the covid repair delays...even though others have mentioned a refund may be legally possible...
Four to six months seems like a long wait.  I might try to politely talk with someone about the possibility of speeding things up.  Something mentioning it's the best DAC you ever heard and you are anxious to get it going again.