Unquestionably the most practical, reliable, efficient gasoline passenger automobile with best resale period. The LE version has everything you need and nothing you don't. Street priced around $3K below sticker, a name brand and very plentiful, it has no meaningful competitor for basic, safe and reliable transportation with lowest total cost of ownership.
Near hybrid mileage without being a hybrid (hybrids are not available with manual transmission). Teriffic visibility makes driving and parking in tight spaces fun. Oil and filter changes are also very easy. Toyota also provides better quality OEM Goodyear tires than expected an entry level car.
Could not find an LE with factory alloy wheels even though two different styles (AW and SS) are theoretically available - had to buy as dealer option at nearly 100% markup over factory option price. Would recommend illuminating the panel illumination control.
For an economy car it has ample room for a normal sized person. I like the pep the car has and it can zip around with ease. Nice body styling with very easy to use dash panel controls. The interior does not appear "cheap" like some of the other economy cars. Smooth ride on good surface but you feel it when the road gets bumpy.
Gas mileage averaging about 34 mpg riding with a passenger daily and using the air conditioner.
Make it ride better and with less road noise. Seat and steering wheel placement could be better.
I replaced my 2000 Pontiac Bonneville with a 2007 Toyota Corolla LE 5 spd. The only reason we went with a small car was because of the cost of gas, otherwise we would have never done it. The 2007 Corolla is horribly uncomfortable to drive. There is no support under the front part of your thighs, and the steering wheel is too far away. It seems impossible to adjust the seat to get into a comfortable driving posting where you can actually grab the steering wheel at 10 and 2. My wife owned an '89 Toyota Corolla and it seems like it has changed little since then except gotten more uncomfortable.
Great gas mileage. I drive 45 miles a day and I am getting every bit of the sticker posted gas mileage for the 5 spd (32 - 41). The Toyota also has a good size trunk for a small car, I've got my golf clubs, and a whole bunch of other stuff in there.
Better side impact. IIHS gave this a poor rating without the side impact airbags. That is the worst rating. That is almost like signing your own death certificate. I am scared to put my kids in this car. Also, fix the seats, give it a telescoping steering wheel.
Positives: Classic and classy exterior. Quiet and comfortable interior. This car is peppy on the start, smooth on the braking. Excellent fit and finish. Turns corners very easily and quickly. Excellent gas mileage. Short enough to parallel park in city. Negatives: cheap plastic storage slots under radio waste space; drink holders awkward to use, spill onto seats, should be under radio; radio control too complex, too many FM buttons; rear headrests block driver's view; antenna easy to steal, should power retract; needs flat surface for food/small objects in lieu of bulky container under armrest; driver-side piller creates blind spot. For $15,363 a very good value.
Remote key lock
Bring back option for leather-trimmed seats; replace cheap shiny brown plastic with more wood- like material; simpler radio control; power antenna; move gear shift onto steering column; move cupholders under radio; put flat lipped surface between front seats; hybrid!