Just a heads up on the 92 and older corollas, they did have some rust problems (Michigan viewpoint), not as bad as Hondas though. The 93+ model was a solid body which is the same body style I have. With just a grill block and wheel covers I can pull 40mpg no problem unless I'm racing to work @ 60mph, then I get around 38-39mpg lol.
I have done a little research on Geos as well, they have more of a problem with rust in the main structure of the front end. The engine bottom ends are a bit weak, but rebuild able with the engine in the car. I never owned a Geo, so I can't say a lot, but the guy next door had one, and he had no problem getting 45-50mpg out of it going the speed limit. Just to note, max cargo weight for the car is something like 1000lbs, so don't expect it to hull much.
Don't forget about the little VW cars, they were good on gas/fuel as well, and didn't have a lot of problems besides rust like 99% of cars in Michigan.
If the corolla for $800 is in good shape, it seems to be a good deal, mine was $650, and I and to put about $500 worth of parts into it to make it safe/reliable. Good luck with what ever you pick.
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