Vehicle Overview from Kelley Blue Book
KBB.com 2002 Toyota Corolla Overview
Think of It as Camry Jr.
This is the last year for the current Corolla. As you read this, an all-new model is making its way to your local Toyota dealership. This means that dealers will probably be doing everything within their power to clear the 2002 models from the lotswhich may be good news for you. And while the new 2003 Corolla promises to be a car worth waiting for, the model it's replacing is far from outdated.
When you think of cars like the Corolla, what's the first thing that comes to mind? Basic transportation? Inexpensive to own and operate? High resale value? If you picked all of the above, you'd be correct. Outside of cargo and passenger volume, it's hard to imagine what reasons the average car buyer would have for not buying a Corolla. It can seat four adults, has a respectably sized trunk, is equipped with an efficient, yet powerful, 4-cylinder engine and can be ordered in its basic guise or fully decked out with all the bells and whistles.
If you do decide to buy one, you'll find that driving the Corolla is an exercise in simplicity. Its compact size, aided by the variable-assist power steering, makes parking a snap and the car's tight turning radius allows you to make U-turns on all but the narrowest of streets. The engine idles smoothly, exhibiting minimal vibration at high speed and the optional anti-lock brakes bring the Corolla to a swift stop every time. The Corolla's acceleration is about average with two persons in the car, but does bog down somewhat when fully loaded. Once it gets going though, the Corolla zips along just fine, and is a miser when it comes to using gas.
The Corolla comes in three trims: CE, S and LE. All three come with the same 1.8-liter VTEC engine producing 125 horsepower. A 5-speed manual is standard but you can order your Corolla with a 4-speed automatic. The basic CE comes standard with daytime running lights, Auto-off headlights, AM/FM stereo, front and rear stabilizer bars, tachometer (manual only) and intermittent wipers. You get all this plus a 3-year/36,000 mile bumper-to-bumper warranty for just a hair over $13K MSRP.
If you prefer your Corolla with a bit more flair, order the S and get a sporty three-spoke steering wheel, upgraded cloth seats, fog lights and the choice of two value packages that add cruise control, tilt wheel and color-keyed mirrors. Of course, if you just want your Corolla flat-out loaded, order the LE with every option and be prepared to plunk down about $19K for the miniature Camry you've just invented. In truth most Corollas will be equipped somewhere between the base CE and a loaded LE and will retail for about $16,500.