I believe this round-headlight 1978 Ford Bronco Custom is Castillo Red, shown on page four of this brochure, but it’s hard to tell from the photos. A 1978 Ford color chart shows the Bronco being available in Bright Red, Candyapple Red, or Medium Copper, the only three colors that are remotely close to this one. Whatever color it is, it’s listed here on eBay in Terre Haute, Indiana; there is no reserve, and the current bid price is $3,600 with just two days left on the auction.

The ’78 Bronco Custom is by far my favorite because it’s the only second-generation Bronco available with round headlights. The hot Bronco – the first-generation small models – were made for a dozen years, but the first bigger Bronco, the second-generation model as seen here, was only made for two years, 1978 and 1979. As with all Broncos made for the U.S. and Canada, at least until the recent model, they only came in a two-door body style.

This example is in fairly rugged shape, as you can see. There’s a lot of rust work to do, but the rust holes you see on the body are the least of your worries. The good part is that the seller says the frame is solid. We don’t get any underside photos, but you can almost see it through the holes in the floor. As almost always, I’d go down at least one size on the tires.

The steering wheel needs help; it’s hard to tell if this one had optional cruise control or not. The carpet looks like red-painted steel for some odd reason. I’m kidding, of course, the seller took out the carpet, and they’ve included photos showing the myriad of rust holes in the floor. That’s the scariest rust on this Bronco, at least for me. I’m sure a lot of you have worked with more rust than that, but I’d have to pass on this one for that reason alone. The seats are included, just for the record.

The engine decodes to being a 351-cu.in. OHV V8, which had 156 horsepower and 262 lb-ft of torque when new. It’s backed by a two-speed transfer case and automatic transmission and sends power to all four wheels as needed. This one is said to run, but runs pretty roughly and backfires through the carb. The distributor is stuck; they can’t get it to move so the timing may be off. I’m sure most Barn Finds readers could troubleshoot it in no time. How much would you pay for this rusty Bronco project?