They gave me an option to replace some internal unit or take complete replacement, so I am guessing that if you are out of warranty you would opt for the part replacement and pay for that.
Just an update...I just got a new projector few minutes back, they took everything back and they gave me a sealed box piece imported in Sep 21. Still have to setup and test it but seems everything ended well and relatively smoothly considering it was a replacement of such an existing item