If it were mine, I'd do some quick checking to try and fix the existing system.
If you can get at the wiring, then check the inputs to the VFD with a voltmeter.
I presume its 220 single phase input. From the manual you can determine which terminals that is. Your inputs should be fine but you can rule out any issues with plugs or master power switch, grounding etc.
Then check the outputs for all 3 legs of the 3 phase. I would disconnect the motor for this test.
You should see fairly similar voltages (about 210 - 230 volts) likely with one leg lower.
If any of these is very low, or non existent, then there's a VFD issue.
Check the manual and see if its possible to do a factory reset. That should clear any error codes. Then retest without motor.
If the VFD passes, then I would borrow a 3 phase motor, hook it up and do a test run. Its possible someone hooked up the motor on the wrong voltage, etc. On used equipment don't assume the previous owner had it set up correctly. Its fairly hard to burn out a 3 phase motor, but possible.
One issue is that VFDs don't like sitting around idle for long periods. i think it has to do with caps drying out. I've had ones sitting for years without issue though.
That VFD should be easily replaceable. I've been using the Delta brand, second hand, off the boat from China, via eBay. Cheap, good manuals, never had an issue. 1-3 hp converted should about $200 or less.
Hook up is easy. Just label the wires you took off and connect them back again. Its pretty easy. if you have a remote, its a bit more work, but most VFDs are very similar.
Hope that helps.
Olaf