The laptops you get from other companies are from the same set of ODMs (original design manufacturers).
http://en.wikipedia.org/wiki/List_of_laptop_brands_and_manufacturers#ODM_Laptop_Units_sold_and_Market_Shares
It might be worthwhile to check them out, see if you can get better pricing getting it from the source. I think you can buy direct from a number of them, like Clevo and Compal.
If you want to keep your old laptop around and it works resonably well, it might be worth your time to just buy a new battery and put Ubuntu or some other linux distro on it, as those OSs run well on lower end hardware.
As for laptops overheating, it is a problem for a lot of models, usually due to inadequate cooling design. I've had an HP fail on me because the video chip was overworked and used thermal pads instead of quality paste. Luckily it failed in warranty so when I got it back first thing I did was to replace it with some quality paste. Best thing to do is to read forums about the different laptop brands and look for common complaints, and see if it's something you can live with.