Tested: This 1969 Toyota Corolla Has a Lexus V-8-Sized Secret

We track test this custom-built vintage Corolla, powered by a 416-hp V-8

What is this thing?

I ask myself this as I deliberately drive the speed limit in an immaculate 1969 Toyota Corolla up Interstate 15 toward Victorville, California. From the outside, this looks to be a perfectly restored vintage Corolla. But a closer look reveals so much more.

The first clue are the wide fender flares that give it a more muscular look. Toyota connoisseurs with eagle eyes will then notice that this Corolla is a bit wider and longer than when it rolled out of the factory. Peering inside, its push-start button, Lexus infotainment system, and sporty seats are by no means from the year of Woodstock.

Then, from under the vintage sheetmetal, comes the deep, throaty note of a V-8 engine and the swift shifting of a modern eight-speed automatic. This car has definite head-turning appeal.

So, what is this thing?

Its official name is the 1969 Toyota Corolla IS F V-8. The more complicated answer is that it's a restored first-generation Corolla with a 2010 Lexus IS F powertrain and chassis.

That alone should arch your eyebrows. But it's the story behind it that truly matters.

Racer and tuner Ryan Millen, whose brother Rhys is known for being a top competitor in drifting, built this piece of art for Javier Quirós, a well-known Costa Rican businessman whose father, Xavier Quirós Oreamuno, started Toyota's fourth-oldest distributor in the world. That's where the back story starts.

Xavier started his business importing American Motors and Toyota cars into Costa Rica. Back in the 70s, Costa Ricans enjoyed racing around a soccer stadium, but Toyota cars were always left in the dust. Having access to both automakers, Xavier had the brilliant idea of putting a Rambler American Scrambler V-8 in a 1967 Corolla. The engine swap didn't help Toyota at all, and after the car was retired Javier bought it and drove it every day on the streets of San José when he attended college.

"It was the worst!" Javier told MotorTrend. "The cabin smelled like fumes all the time, and it was really uncomfortable to drive." After three years, the car was sold.

Over the past few years, a nostalgic Javier had been looking to retrieve his father's car from the junkyard of history.

Unsuccessful in his quest, Javier decided to create his own version—this time with Millen's help, and with a different approach. Millen didn't want to re-create the exact same vehicle, given its high costs and hard-to-get-parts. Quirós also wanted the car to be as reliable and as easy to fix as possible. And because the Lexus IS F came with a reliable V-8, Millen proposed to have a 1969 Corolla body married to a 2010 IS F chassis and powertrain. What started as a dream for both quickly became a 12-month project for Millen.

The result is this one-of-one 1969 Toyota Corolla with a 5.0-liter engine that sends an eye-popping 416 hp and 371 lb-ft of torque to the rear wheels via an eight-speed automatic. Even today, a modern-era, top-spec Corolla doesn't make even close to half that kind of power.

Road test editor Chris Walton was pleased with the way the engine behaved: "Once underway, the engine really comes alive and roars. Upshifts were very smooth and slowish by today's standards. In the end, the acceleration was right on top of an IS F. Fun!"

The lack of ABS, however, made the Corolla a bit difficult to control when entering the corners, causing the rear to fishtail a little bit. "It's OK to deal with that in an open parking lot, but on a narrow road it could get dicey,"  Reynolds said.

Millen assures us the car will have full ABS before the car is shipped to its owner in Central America. But when I got a chance to get behind the wheel on the freeway, I was extra cautious with my speed, lest I have to give more than moderate brake pedal pressure. Its 5.0-liter engine responds well to all throttle inputs, and I was particularly impressed by the deep growl of the IS F engine in this application. Press on the throttle, and its profound sound will turn heads around you. Even when going up the demandingly steep Cajon Pass, the Corolla was happy to pass the lines of struggling 18-wheelers and delivery vans.

But besides its handling, what impressed me the most was the bizarre juxtaposition between the interior and exterior. Although the exterior is vintage and well restored, the interior feels modern and contemporary. Its sporty bolstered seats, infotainment screen, shifter, and instrument panel came from the Lexus IS F.

As such, it felt peculiar to drive, especially as you're grabbing onto an Alcantara-upholstered steering wheel while looking out and seeing the old-school sideview mirrors mounted on the hood.

This unique approach is what distinguishes this Corolla. What Millen was able to do, and with such attention to detail, is impressive.

Besides getting tested by MotorTrend, the Corolla has already seen some action. The car was shown at Toyota's dealer meeting earlier this year, and before it makes its way to Central America, it will be driven from Southern California to Dallas, where it will be driven by Bob Carter, executive vice president of sales at Toyota North America. Asked whether the car will be on display at the enormous Toyota Campus in Plano, Quirós said he hadn't thought about it, but it might be a good place to reside while he waits for the export permits.

So, you might ask, what does it cost to have Ryan Millen transform an old Corolla into a modern-era, tire-melting, supercar-abusing, drag-strip demon? A cool quarter-million bucks. Quirós and Millen are not done yet. They're starting to work on a new project that involves a 1967 Corolla two-door, similar to this one. If this Corolla IS F serves as an example, you can bet the next one will be just as good or even better. Get out your checkbooks.