My iron is pretty new, I bought it a month or two ago after my last one just stopped heating up randomly. It's not a fancy, expensive iron, but it wasn't the cheapest one at Target.
Gah, I should have read reviews online before buying one because it has terrible and accurate reviews. It loves to turn itself off really quickly and then not acknowledge that you are trying to use it again. Worse, it apparently has a "non-stick" plate which is the biggest lie ever. It is getting a sticky brown film on it, which then causes the fabric to glom onto it and cause clusters of wrinkles. I had to scrape it off with a butter knife, but it just keeps coming back.
I just wanted a decent, cheap-ish iron. Woe is me!