You did notice the $3400 premium for the hatch when looking at the Versa, right? I think the base sedan is $10,xxx.
A friend has a Versa hatch, I think about four years old... It's been completely reliable. It's remarkably roomy (there was a hilarious trip to a car show where the four of us who'd ridden there comfortably in the Versa couldn't wedge ourselves into a Hummer...)
I'm not sure that it's preferable, necessarily, but it is a brand-spanky new car, of probably very good build quality and reliability, for very close what you're looking at for a 50k mile Yaris.
