Dad owns a 1986 Ford Ranger. Now if there's anything out there that would fit the definition of Rust-Bucket-On-Wheels, then this is it. The rear wheel arches are gone, and there isn't a single good panel on the thing. The speedometer and odometer are both broken. There is even a hole in the floorboards under where you put your feet to drive the thing - so he just covers it up with about 3 floor mats. Since he has owned it, he has had to replace the right-side exhaust manifold and the muffler. Oh yeah, and he bought it for 400 bucks.
The interior is decent, and the bench seat has actually held together. It is comfortable, although it has no tilt steering column. It is a five-speed and somehow it will not die!!!
Those fords will go forever.
Update: Sold the Ranger to a friend of mine for $350 (after putting in a new battery). He DESPERATELY needed a vehicle. He's had it for about two weeks now and has had no problems whatsoever. (As much as I hate Ford trucks, I have to admit that they did a decent job putting this one together.)