I am 16 and this is my first car. I paid $500 because it had a rod knock (turned out that the previous owner didn't torque down the connecting rods correctly). As I was bringing it home the engine blew up about a mile and a half away from my house so I towed it home, tore it out and replaced it with a freshly rebuilt engine (due to the fact that the other block had chunks missing out of it). I tore the rest of the truck apart and completely rebuilt it because the last owner was obviously a crappy mechanic and messed everything up. He had wires crossed and spliced together and the fuel pump had all exposed wiring (fuel pump and float had to be replaced anyways). This project has been a pain in my ass and a Pain in my wallet but it has been totally worth the money. I am currently looking for an older bronco as a restoration project. That's pretty much all there is to know about the project.