Bought at 60,000 miles for $12,000. Quoted $4,000 for new engine. Was offered $3,500 to sell as is. Not sure what to do. I’ve been pretty meticulous about oil changes and all other maintenance, the check engine light started flashing in the middle of my drive to work, by the time I got off the highway the car had stop accelerating, and completely lost all power by the time I parked. Got two opinions, both said they were schooled this happened on a Toyota, and definitely needs a new engine. Worried there’s more issues with It then I know about….
My coworker was just last week telling me his Corolla needed a new engine, and after some research he found that a certain year range of Corollas had bad head gasket issues. I think maybe yours falls in that range.
You might get a quote on a used engine. I did that once, working with a local salvage yard and a mechanic to put it in.