Used 2008 Honda Civic vs New 2012 Toyota Corolla

[RedBlaze]

I know I shouldn't be comparing a new and used car but, I am on the unsure which vehicle I should purchase as my first car. I was thinking of either purchasing either:
1) A used 2008 Honda Civic DX-G model with around 120K

OR

2) A new 2012 Toyota Corolla CE

Again I am unsure which vehicle to own as my first car. I would get the Civic but the 120K is kind of a put off. Also I was thinking this would be a good time to purchase a Corolla as they are having their red tag sale. Also I am thinking that there would only be roughly a 8-9K difference in price between the two.

Does anyone have any recommendations or advice on the 2 cars?
Any input would be appreciated.

[Voltex]

How long do you plan on keeping the car for?

[RedBlaze]

How long do you plan on keeping the car for?

I plan to keep it for at least 3-4 years

[Voltex]

Don't bother buying a new car if you're only keeping it for a few years, unless of course you don't mind the depreciation. Best bet would be to go with the used one.

[DavidY]

Don't limit yourself to only two cars....set up a budget and see as many vehicles as possible. If 120K on the 08 Civic, look at another with less kms. Do a Carproof and if it's clean (little or no accidents etc), have a qualified mechanic inspect it BEFORE you buy it.

Dave

[ancnfamily]

Go with new..
I'm returning my 2008 Civic DX-G with only 48600km due to a head gasket issue that Honda is IGNORING..
Engine was redesigned for 2008 to save cost..

[Handyzman]

Used is always the cheapest if you know what/when to buy. In your case a nearly new car 1-2yrs old is what to aim for. Best used value is the Hyundai Elantra Touring as they are very reliable and dirt cheap used but have the balance of 5yr/100k warranty.

That Civic might be ok but do the research first.

[Ethan15]

Let me break it down for you:


2012 Corolla CE = $18000-$19000 (Using 2012 price With levies and freight, excludes tax, takes into account RED TAG discount)

Now / 1 year later = $14500

3 years later = $9400

Therefore, if you keep this car for four years depreciation will be $2150-$2400 per year

-- Comparing it to 2008 Honda Civic

Now: $14000 (Med range for EX modem, 4 dr)

1 Year later: $13500

3 years later: $8950


Therefore yearly depreciation will be $1262

------

Overall, in 4 years, owning new car cost you 3.5k more - which isn't that much more actually, but it boils down to you how price sensitive you are. The longer you keep the car, the benefit of owning used car diminished.

[poedua]

I know I shouldn't be comparing a new and used car but, I am on the unsure which vehicle I should purchase as my first car. I was thinking of either purchasing either:

1) A used 2008 Honda Civic DX-G model with around 120K

OR

Careful on buying a used 2008 Honda Civic.

The 2006 – ( early ) 2009 Honda Civics equipped with the 1.8 liter engine have major issues with cracked engine blocks....so much so, Honda increased the engine warranty on the engine block to 8 years.....so, you may want to opt for a late 2009+ model to avoid this problem completely.

http://www.hondacivicforum.com/forum/mechanical-problems-technical-chat-8/honda-canada-warranty-extension-86809

[world25]

New 2012 Toyota Corolla or Toyota Matrix or Toyota Yaris Hatchback.

[packardbell]

just buy a new car and have worry free driving for a few years. :facepalm:

[Voltex]

just buy a new car and have worry free driving for a few years. :facepalm:

Congratz on making a useless post. Anyone that's not brain dead knows a new car is better than a used car anyday; it's about factoring cost into the equation too.

[Handyzman]

Congratz on making a useless post. Anyone that's not brain dead knows a new car is better than a used car anyday; it's about factoring cost into the equation too.

+1 Well said. Plus not all new are 100% reliable. Then there is the dreaded dealer ******** with them typically overrecommending extras during service. New is a farce.

[packardbell]

Congratz on making a useless post. Anyone that's not brain dead knows a new car is better than a used car anyday; it's about factoring cost into the equation too.

isn't the toyota corolla 2012 a new car? I guess you seem to be brain dead.:facepalm:

[Voltex]

isn't the toyota corolla 2012 a new car? I guess you seem to be brain dead.:facepalm:

And your point.....?

[packardbell]

And your point.....?

point is the OP gave two choice 2008 and 2012.
so i say buy the new car.
understand brain dead. so you suggested he buy used? 2008:)

[Voltex]

point is the OP gave two choice 2008 and 2012.
so i say buy the new car.
understand brain dead. so you suggested he buy used? 2008:)

Fair enough. Your opinion is your opinion.

Fail on my part.

[packardbell]

Fair enough. Your opinion is your opinion.

Fail on my part.

ok:)

[TorontoEh]

I know I shouldn't be comparing a new and used car but, I am on the unsure which vehicle I should purchase as my first car. I was thinking of either purchasing either:
1) A used 2008 Honda Civic DX-G model with around 120K

OR

2) A new 2012 Toyota Corolla CE

Again I am unsure which vehicle to own as my first car. I would get the Civic but the 120K is kind of a put off. Also I was thinking this would be a good time to purchase a Corolla as they are having their red tag sale. Also I am thinking that there would only be roughly a 8-9K difference in price between the two.

Does anyone have any recommendations or advice on the 2 cars?
Any input would be appreciated.

Op, wondering if you have an update or you're still looking for one.

BTW - Thanks to those who pointed out the engine block issue with 2006-08 civic DX-G? I'm now looking onto the 2010 models.