My first car fit that description quite well. I traded a motorcycle I had for $400 cash and a 61 Ford Comet. It didn't go fast, or look pretty, but it was a car. It fell apart quickly, horn didn't work, brakes pulled, wipers stopped working, and the rear spring got broken while carrying a bunch of kids from the neighborhood to school one morning....seriously overloaded. I pulled the rear seat out so I could load my amp and cabinet in the back. No way would it pass the upcoming NJ state inspection so the best option for a broke kid was to give it to the scrap yard and buy something else.... $325 later, I had my second car....a station wagon that sounded like a boat. Now I could carry my gear and more. That one ran all the way until after I sold it before leaving for the Marine Corps..... shortly after that, the transmission died on the kid who bought it from me for $100..... so I'm guessing he was on to his second car as well.
Cool trip down memory lane with the song. Thanks.