The phrase references a specific automobile model, year, and body style offered in the used car market. It identifies a Toyota Corolla hatchback manufactured in 1987 that is currently being offered to potential buyers. A listing using this description would generally be accompanied by details regarding price, condition, mileage, and location of the vehicle.
Acquiring a vehicle of this type can present both advantages and considerations. From a financial standpoint, an older vehicle generally has a lower initial purchase price and can be less expensive to insure. Historically, the 1987 Corolla is recognized for its reliability and fuel efficiency, traits that may still hold value for budget-conscious buyers. Potential drawbacks include the possibility of increased maintenance costs due to the vehicle’s age, as well as a lack of modern safety features found in newer cars.