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How about putting some money into the Alti that you know who has maintained (yourself) and what condition it is in. 5-speed swap? From what I read, the KA24DE engine is solid and can run for miles and miles.
I'm not too fond of VeeDubs, no offense to anyone here. I've just always heard bad stuff about them, except for a friend who has an early late 80s early 90s Diesel Jetta and finds it really easy to work on and reliable for the most part (for a couple hundred dollar car anyways.) But if you do find a nice Carolla in your price range, it would be a different story. My dad has a Camry with 240k miles and it is still going strong.
Good luck on whatever you decide on and keep us updated.
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Live Simply So Others Can Simply Live
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-Ed Begley Jr.
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