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my Proform treadmill will only move on a very slow speed. What's wrong with?

My Proform treadmill will only operate on very slow speed.Had repairman to come out from Sears, charged $96.00 for the visit checked the treadmill and named off about 5 different digital components that had gone bad and said it would cost $768.00 to repair it. Is this possible?
k goins, October 2010