Another vote for getting a machine with a hard drive + DVD capability. The hard drive system is brilliant for keeping the recordings for a couple of weeks to see if you really want them long term and then only burning to DVD if essential. Also you can simply edit bits out (ads, over-runs etc) while on the hard drive so the DVD is a nice clean recording. For example I record long music concerts like Glastonbury on the BBC and then edit down perhaps 10hrs footage to the 1hr of artists I want and then burn that to DVD.
On the subject of transferring VHS videos it's far better to get an old machine as mentioned above and junk it once the transfers are done. I have a top of the range Hitachi from about 6yrs ago... perfect working order and once I've had a weekend doing our transfers I'll take it down the tip as they are all but unsaleable.
Finally having a new hard drive/DVD machine plus an old VHS machine just to do the transfers would enable you to put the videos to hard drive first and edit before making the DVDs.
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