As a platform, there really is no comparison. you can dish out money as much as you want on a corolla and it would most likely still fall short of the ferrari. Even a shitty driver can drive a ferrari fairly well, because the onboard electronics help out alot. Just select "n00b" on the manettino switch on the steering wheel and you really can just turn the wheel and press the gas or the brake.
Heck an AE92 will fall short of most econo boxes nowadays, the new alfa romeo giulietta has a base model which has a 170hp turbo engine in it, electonics that help out when going fast. I tried that car out and its fast for a 1.4 liter econobox A stock corolla is no match to it
and as an added bonus, you'll get as much pussy as you want with the ferrari...
...but realistically wer're talking about a 100k car vs a 1k car