Your Kia is still relatively new and low mileage.

Unless you’re getting a killer deal in this crazy market, or your Kia is already falling apart, I recommend you hold on to it for the time being. Atleast until used car prices come down.

See the Corolla is a 22 year old car and a car with that age will come with the need for certain repairs eventually. How much can you get for the Kia? Maybe you can buy something newer/lower mileage. But also do keep in mind the used cars are costing more than before and also definitely you should have a trusted independent mechanic inspect any used car you are considering purchasing.

Posted by: @itwt

Your Kia is still relatively new and low mileage.

Unless you’re getting a killer deal in this crazy market, or your Kia is already falling apart, I recommend you hold on to it for the time being. Atleast until used car prices come down.

I just checked with CarMax and their appraisal is 10k. I'm tempted to pay the difference for this offer because the last time I checked about two weeks ago, my offer was $7700. What are your thoughts?

poor reliability

What do you mean poor reliability? Has anything broke? Does anything not function?

It's a Rio - it is decent, the only thing of concern is the GDi engines lasting 100k - 125k miles.

2010 Corolla 112k Miles $8500

Would it outlast my 2015 Kia Rio 64700 miles?

Uhhh it's 5 years older and has 50k miles more - but it is a very solid car, as solid as small cars come.

I think the price is a bit too much, I remember them being less expensive.

So let's say you drive the US average 12.7k miles,

in 5 years your Rio will be 12 years old and have 127k miles - which is about as much as they last.

The Corolla will be 17 years old and have 175k miles - which is about as much as these last.

So pretty much on average - no difference as far as how much life is left in either.

Judging by your post history you're constantly occupied with replacing the Rio,

So at this point, if that'll make you feel better, just go for it...

Obviously a pre-purchase inspection is a must, it is a 12 year old car with millage.

An, it's a Corolla, assuming it drives, it'll always be worth something even with millage.

because of the loan

I don't get it.

You said you owe $11k on the Kia, assuming you don't have that amount in cash,

When you sell the Kia and return the law (most likely loosing about a grand as $11k is insane for a Rio)

You'll have not the car nor the loan money as it was returned, you'll end up taking another loan?

What difference does it make?

Anyhow I do agree that the Corolla is way closer to it's actual post used-car bubble price (5k-6k) than the Kia.

Posted by: @dan

Judging by your post history you're constantly occupied with replacing the Rio,

So at this point, if that'll make you feel better, just go for it...

I think my biggest fear was it would last less than 100k or 5 years per say. I'm definitely considering newer cars and just taking the bigger loan with negative equity.

Posted by: @dan

You said you owe $11k on the Kia, assuming you don't have that amount in cash,

When you sell the Kia and return the law (most likely loosing about a grand as $11k is insane for a Rio)

You'll have not the car nor the loan money as it was returned, you'll end up taking another loan?

What difference does it make?

My payoff is $11,500 but for a car that may not even last me 5 years cuz I drive more than the average (more than 15k/year). So I think I'll reach 100k within 3 years at this point. Also worried about getting the Kia stolen cuz they're poorly made. I was concerned with the engine blowing up but maybe that's not the Rio but other Kias and Hyundai models. 

I'm looking at a 2019 Corolla for $14k but I hope it isn't a farce. 

I think my biggest fear was it would last less than 100k or 5 years per say

Depends on how you drive and service it.

I'm definitely considering newer cars and just taking the bigger loan with negative equity.

Current used car prices are genuinely insane - I don't see a big reason to spend $15k for a $10k car.

Also worried about getting the Kia stolen

Won't you get book value from your insurance? who cares!

Cuz they're poorly made

It's not that, it's just the Hyundai-Kia decided not to include any anti-theft measures for the US market.

Your car probably wasn't built in the USA or Mexico, most likely it's South Korea.

The chances that a car made in South Korea will come without an immobilizer are slim,

but it's worth checking - without an immobilizer it's at super high risk.

But with that being said, pretty much any Korea/Japanese car is at risk of being stolen -

they don't bother with high tech anti theft.

I was concerned with the engine blowing up but maybe that's not the Rio

Eh it's the Gamma GDi, far from perfect, sometimes burns oil, but not too bad at all.

I'm looking at a 2019 Corolla for $14k but I hope it isn't a farce

In todays car market, it's close to being too good to be true -

but hey if it's in good shape and everything checks out go for it.

The issue with the Corollas is that the CVT requires frequent maintenance, otherwise it begins to whine.