Both are good cars; check out Consumer reports for reliability data.
If you are concerned about acceleration, go with the Civic since it can be modified with lots of aftermarket stuff. Personally, I own an 05 Corolla and feel like it has enough get up and go for me.
The S has slightly different body moldings, the CE is a bit more bsis, the LE has more standard equipment.
Use Kelly Blue Book (kbb.com) to see what the average price is that you should pay for each model in your area.
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