The old electrical's last longer, the only drawback is that they are sometimes not safety checked. The ones with no earth cable are dangerous. Often i would see electrical's come into my shop with the main cable grip away from the main cable, so the wires were hanging on by the 3 smaller cables, a big no no. If those wires get pulled and twisted they will connect eventually.
I bought a new iron once and when i plugged it in it started smoking and didn't work. Turns out the previous owner had returned it and all the wires were mixed up so that positive was negative. That's why all modern electrical's come with the plugs build into the wire. Not that i'm trying to put you off your coffee Rose.

Year's ago, my family had the same oven for 25+ years (it was older than me), it never failed apart from replacing the rings. It eventually blew up in the end. I then bought a new one and within a week all the buttons melted on the front. I had a shield guard on it but it still melted the buttons. I don't get the point of the shield guard anyway, these things should have proper non-melting buttons. People who pay big money for ovens shouldn't have to experience it melting away bit by bit.