Beware, the cost of the cartridges of HP printers is pretty expensive - nearly £50 a time to replace the colour and black cartridge with originals for the PSC1205. The remanufactured ones are slightly cheaper, but not by much.
For me, it has to be a balance between economy and print quality - there's not much point buying a printer which costs as much to replace the cartridges as the printer itself. You might as well flog the old printer on Ebay and get a new printer complete with cartridges!
Epson printers are OK in terms of print quality and the older ones can be very economical without compromising on print quality (colour + black only cost £4 a pair) , but my last one which was about 4 years old died for no apparent reason - one day it threw up an "unknown" error (whereby all the lights just flash on the panel and it doesn't print at all) whilst printing. I never managed to find out what was wrong with it - was this some kind of time bomb fixed into the Epson printer where it would be set to expire after X amount of pages?