Re: PS3 Blinking Red Light.
I had this same problem with my fat model 4-5 years ago. I took it to a computer repair shop that works on game consoles and they were able to fix it for around $30. Then it did it again a few months later and I took it back to them, another $30, and it worked fine for another few months. The third time, I took it back and the hard drive was beyond repair. I won a new slim model on eBay for around $120 and bought it. Just from my experience, you can fix them for a little while, but it never lasts. Might just be worth buying a used PS3 or saving up for a PS4.