I agree, if you keep it for a long time and the cars turn out to be reliable and low maintenance (and they should being a Civic/Corolla) then you made a good choice. With either of those cars you could sell it in 5 years for $8k.
I'm big on cars, have always worked on them myself etc and was a big believer of buying used. Until we had our DD and I wanted her and my wife to be in a new/safe car. That's when we bought a new Accord and it's been great. I've spent almost $6k on my older BMW in upkeep where as the Accord you just put gas in it, change the oil and it's ready to go cross country anytime. It's got 60k miles on it now and I'm thinking about getting another new car. I'm now a big believer of having at least one new car in the household - but it has to be the car that's also smart to buy new (i.e. one that holds its resale value and one that's reliable). My next purchase might be replacing my BMW 3 series with a Honda Fit but in this economy I'm just going to have to wait.
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