This toaster was working. BUT…when you inserted bread if you did not jam the lever down REALLY hard it did not engage and stay down. What this meant was that the toaster elements did not come on and no toasting was happening although the lever appeared to be down.
The pilot light did not light if the mechanism did not actually engage but this was not always noticed – very frustrating.
Once bread was in the toaster and being toasted the end of the toasting would happen but the lever would not come up. One had to hold the toaster cover and pull the lever up to get the toast to emerge from the slots.
If one wanted to STOP the toasting for any reason you similarly had to press the cancel button and push the lever up to disengage it.
I removed the cover from the toaster and examined the electro-mechanical part that controlled the POP-UP part of the device. I found that the shaft on which the mechanical and spring-loaded part of it rode up and down was gummy with quite a lot of old crumbs attached.
I cleaned the shaft and the lock mechanism and put a dab of lubrication in the cam that controls the hold and release of the mechanism.
After re-assembly the toaster latches into the ON state without effort and pressing the eject button works at once whereas it had to be pressed and the lever physically lifted before.
Although toasters are comparatively inexpensive they are often repairable at little cost.