Should I get a 2003-2008 Corolla?
When I was 18 I bought a Peugeot 206+, drove it for 3 years from 100k to 120k miles or so. I've had to get new tires, exhaust components, my clutch started showing wear, and eventually my coolant system started leaking which led to head gasket failure. I loved it but hated it at the same time, more so once I read about how unreliable Peugeots are compared to some brands.
So now at 21 I started browsing a bit, and of course Toyota was mentioned everywhere. I'm now eyeing the 2003-2008 Corolla range, but my dad warns me that it is over 20 years old (I trust his common sense...), but I'm wondering how much that puts me at risk compared to a 2010 car of some other brands.
The reason I'm asking about an older Corolla specifically (they're not particularly common in the Netherlands, compared to other Toyota's), is because I'm looking for something that's a bit more powerful on highways and spacious. A smaller car like a Yaris might be a better buy moneywise, but then still I'd probably be looking in the same age range.
How much of a risk are these age related issues really? In contract to the extreme reliability of these cars? I don't have a huge budget, maybe €3000-4000, so my gut tells me to rather spent it on an older, but good car rather than a newer but mediocre one.