Be aware that the Overdrive function requires that the Kobo store has the same edition of the book as the library. Usually it does but there are exceptions. If you do an Overdrive search from the Kobo itself you should find available books. However, if you sync the reader to obtain books you already checked out on another device you may occasionally run into one that doesn't work. Those can be sideloaded from your PC with Adobe Digital Editions.
I have used only the Clara so I can't compare the models, but I'm sure someone will be along soon who has owned two or all three.
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