brand new cars are a horrible investment. they lose value the minute you drive off the lot, and they're worth thousands less over just a year. the insurance is also expensive as hell, with the 2011 you'd be required to get full coverage. with the older cars like the '04 Corolla, you'd only need liability which can save you a decent bit of cash if you're interested.
there's nothing wrong with a used car. the '04 may have more miles, but it's going to be ultimately cheaper to own/maintain. it's only 7 years older than the 2011, but cars are getting more complicated each year with a variety of electronics/control systems that you really don't need when it comes to everyday driving. this results in more things that will eventually break, which is bad news if you plan on having this thing for a long time. it may have 80k on it, but Corollas have pretty long lifespans and as long as you keep it maintained, it wouldn't surprise me if it went over 250k.
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whats better a car, corolla 2004 or new one?
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