Great buy, but I am not sure any LV will take it in for repair, they do have certain guidelines. How old is the bag? typically if the bag is older than 5+ years it is considered normal wear and tear and aging, not to be repaired. If the leather trim completely needs to be replaced they will suggest you just buy a new bag, they will not rip apart and repair an old bag, they do not consider that a repair. A repair is a detail that needs replaced like a tear in the leather piping or a handle defect etc. usually on a bag that is not highly used and worn out. From the pics of your bag, if might be wise to email pics to your SA at LV rather than risking the embarrassment of bringing it in and having them turn you away.
Not sure that this is totally accurate. Perhaps it depends on your store. Mine will "replace all the vachetta" on a bag and that is all this needs.