Hi, first time to this forum, and first time inquiring about opinions on a car!
My first car I ever bought was a 91 Corolla Sedan that I wrecked due to rain and bad road conditions. Been scraping through life looking for another chance to jump on a Corolla, I loved the way it ran and the way it drove.
I work at a scrapyard that occasionally gets some nice running cars in there, and this '88 Corolla SR5 came in, I talked to my boss about it and got a deal at 550, 600 after tax. I've finally gotten to the point in my life where I can afford to buy a car flat out with cash *albeit not a whole LOT of cash*.
This car runs great but here is the condition (pictures to come):
Exterior: Straight as an arrow, everything works, lights including flip up capability, wiper arms need replacing and I think I'm going to have to seal the rear "wing" windows at the moulding.
Interior: Wet... wet... wet. The previous owner was obviously a mother/father the back seat, which I removed, had cheerios and some funk on it. I don't plan on carting anyone around in this, that's what my Jeep is for, so I can either get another rear seat bottom OR my fiancee and I think it would be cool to custom build speaker boxes

.
Engine: Runs great, a little bog down when it's cold out and I let off the choke. No problems starting, no problems accelerating (at all... let's just say I blew that Honda away), only issue is on shut down is a sputter, I'm not sure how to stop it, I'm sure just a tune up will fix that.
Steering: Great handling, tie rod front driver side needs replaced and tires need rebalanced.
For the questions:
1) This ride is already really really low, I've bottomed out a couple times on speed bumps. Can these take 14"? I've got 13s on there right now.
2) Is there a common place these things leak? I noticed a little hole in the moulding around both sides wing windows, and it would appear to leak into moulding inside and come through the hooks for hanging shirts I think. My carpet is soaked at the moment, driving it around and the heat from that seems to dry out the carpet a little at a time. It would appear it's coming from the front cowling, but not from the heater core because I still get heat, and it's not coolant.
3) This place seems like an awesome place to meet fellow fans of this car. What would you guys suggest I do with this car, and since it has only 163k on it, what can I do to get another 140k +?