I picked up a 97 Thunderbird LX with a 4.6 and very well equipped for $700.00. Absolutely ZERO rust on it, but a little bit of hail damage and it needed a bit of work and $$. I have maybe $2k in it now and been my daily since August. Sometimes it's just taking a chance, and sometimes it's just luck. Runs and drives excellent, comfortable and even decent fuel economy.
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