You didn't give a dollar amount to beat. And to use your PC might upset you if you use a 49 dollar TV Capture card (2 hours for the movie), then a 79 to 199 dollar DVD recorder with software to record the DVD (from 2 hours to days!) to create the DVD.
The DVD recorder might be the least headache/time?
I would like to take my old vhs tapes and transfer them to dvd or video cd. What is the most economical way to do this? I have considered purchasing a recorder, but they are so expensive.