What do I need to know in order to get my 1992 Toyota corolla wagon to pull a small utility trailer?
First and foremost you need to know the towing capacity of this vehicle. Then you need to purchase a good receiver hitch such as this one. http://performance.thepartsbin.com/basket.php?makeid=25&modelid=316&year=1992&partid=200&brandid=2608 Then you need to wire that car so that you can connect the trailer lights to the car. This is not a good car to tow with, so make sure you are towing a very small trailer with a small load. And remember that you have to stop this vehicle with the extra weight behind it. On a wet road when towing a trailer with no trailer brakes, you can get in big trouble trying to stop. If you plan on towing very often or in hills, then I highly recommend you install a transmission cooler. It is very easy to ruin a transmission when towing with a small car with a small engine. Heat is the enemy of any A/T and towing creates heat. A $100 trans cooler is a great investment when towing.
Toyota Corolla, new or used, is still the best selling car in the world. That would depend on what size car you need. Here are my choices in order of preference. Small Car: Honda Civic, Toyota Corolla, Ford Focus Mid-Sized: Honda Accord, Toyota Camry, Ford Fusion Large Car: Chevrolet Impala, Ford 500