I have a 2002 Corolla with 140k miles on the engine and no oil burning problem at all.
Assuming the CARFAX for that car is clean, it sounds like you're getting a pretty good deal.
(Especially now with high demand for sensible sedans rather than gas-guzzler SUVs and trucks.)
Adding to the durability of a Corolla is that the 4-cylinder engine uses a timing
chain rather than a timing belt.
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My Wife was just laid off and she had a company car
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Company car, company laptop, company mobile phone, company health insurance... soon you won't even get a paycheck; you'll just live in company housing and shop at the
company store.