My 2010 Corolla has 200k miles on it, no engine replacement or transmission work needed and I would drive this car from CA to NY w/o hesitation. Keep in mind that its a low entry level Toyota, not designed with extra frills (for this year) so do not expect brand new Lexus (or even Toyota) performance and comfort. At the end, a great, reliable, dependable car not to mention value! Sips gas and will ruin your relationship with your mechanic since you'll never see em! A real bang for your buck!
I owned a grey 2010 Corolla L (Base Model) 5speed manual for 4 years. I bought it used with 100k miles in Spring 2013 looking for a fuel efficient car to drive to college and back (650 mile trip one way). I made this trip 24 times in subzero/rainy/snowy weather with no issues! I averaged between 34-38.5 mpg highway at 75 mph and 26 mpg driving around town. Very minimal maintenance with this vehicle, only issues was the heat shield came loose, an exhaust leak, and a rattling noise from the camshaft timing gear assembly (this was a known problem for 2009-2010 corollas, search TSB-0087-09). Traction Control and Stability Control do very well in the snow controlling the vehicle. When above 45mph there is a lot of wind noise, making you have to turn up the radio quite a lot to listen to music. Cargo space is very great, I managed to fit all my apartment items in it. Interior materials are very cheap and rattle occasionally. Also, the front seats need LUMBAR SUPPORT! My back ached after only an hour driving it. The radio sometimes did not work on hot sunny days. Unfortunately, when the vehicle approached 160k miles the transmission blew every gear! Still do no know the cause (maybe excessive usage), but will now be looking at a newer Corolla with the 6 speed manual. Without a doubt Corollas are reliable and efficient, yet at the cost of a more cheap, noisy vehicle experience. If you are on a budget and care about getting from A-B with minimal fuel usage and cheap insurance, the Corolla is a great candidate! 2009-2013 Corollas are dirt cheap right now, so pick them up while you can! If you already own one, resale value falls fast! You may get more money selling it privately than trading it in at the dealer if you have over 100k miles.
If you want to spend $$$ buying ignition coils yearly on this car then buy this car. Each is $90. Very troubled car. I bought it at 0 miles. Do yourself a favor and buy a Honda! More reliable car. It will save you money!