I bought my 2001 Corolla used in 2003 with 40k miles.
It now has 120k miles and is still my primary car.
No engine problems that others have reported.
My catalytic converter was replaced at 115k though.
I've done by the book maintenance and have had no major problems.
The only big repairs I've had were break issues that were my fault from overly aggressive city driving.
I'm not sure about what others have said about burning oil...I haven't noticed it but I know little about cars.
This car gets better gas mileage than the current Corolla models.
I once drove from Pittsburgh to Indianapolis on one tank.
Dash board looks like something Fisher Price would make.