We see plenty of First Generation Ford Broncos at Barn Finds, which typically fall into two categories. Some are pristine, while others need everything replaced but the wiper blades. This 1971 example walks a welcome middle ground. It has some traditional rust issues, but the problems aren’t severe. The seller indicates it runs and drives perfectly, meaning its new owner can enjoy this classic immediately while planning their restoration strategy. This promising project is listed here on eBay in Nucla, Colorado. Subdued bidding leaves it below the reserve at $11,200, although there is a BIN option of $25,100 for those wishing to bypass the auction process.

This Bronco will undoubtedly benefit from some TLC because its Candy Apple Red paint is tired, and there are rust spots requiring repair. Externally, it has impacted the rockers, while delving below the surface reveals rust in one front inner fender well. The driver’s side front floor has heavy corrosion, but it is unclear whether there is any steel penetration. Otherwise, areas like the hood, lower rear quarter panels, and the area around the top seam look exceptionally solid and covered with nothing beyond light surface corrosion. Nobody has molested the exterior by cutting the wheel arches to accommodate larger wheels and tires, and this classic retains its original bumpers, trim, and crack-free glass. My first impressions are that this could be a relatively straightforward restoration project.

The new owner must decide whether they will strive for originality with their build or are prepared to compromise in some areas. The interior is one example because the seats wear cloth and vinyl covers that aren’t a factory material or pattern. Those craving authenticity will probably splash the cash on the correct covers, but the lack of visible wear and physical damage means that leaving them untouched is viable. The pad is warped, the armrests are worn and damaged, the painted surfaces require a refresh, and somebody relocated the shifter to the floor. However, the front floor sports a new rubber mat, and the factory radio occupies its rightful place in the dash. This is another aspect of the Bronco that is serviceable, leaving the winning bidder time to plan their next move.

The original owner elected to order this Bronco equipped with the optional 302ci V8, delivering 205hp and 300 ft/lbs of torque. That power feeds through a three-speed manual transmission and dual-range transfer case, with the first owner passing on such options as power assistance for the steering and brakes. The seller recently splashed considerable cash on this Bronco’s drivetrain, ensuring the new owner drives away in a turnkey classic in excellent mechanical health. It has received a new master cylinder, wheel cylinders, other brake components, wheel bearings, suspension bushes, shocks, tires, seals, a carburetor rebuild, and a tune-up. It runs and drives perfectly, with no issues or vices.

This 1971 Bronco is a promising project that could potentially be tackled by a competent enthusiast in a home workshop. The past sales history of these vehicles in the classic market makes it initially surprising that this one has only received three bids. Values have softened recently, but the Bronco isn’t the only classic impacted by a general value downturn. Perhaps this is a sign of where the First Generation Bronco is headed, or some people may be biding their time before submitting a last-minute bid. It would be worth monitoring this auction to see which is true.