Maybe I’m the old, sour grapes here, but what about the rest of the vehicle? Have you crawled under it and looked in the hard to see areas? Any sign of crash damage? What else needs to be done? And by the way, get off my grass . . .
+1 on checking other areas. I have a full-size bronco also, and in my experience with these trucks, inner and outer wheel wells that bad can have floor issues also. You will want to see the frame, the floor, the b-pillar/sail panel weld (that’s a bit of a nightmare if bad), and also if the tailgate is original I am sure it’s shot.
If you are handy you can probably do the pictured work, but depending on the deal it might be better to start on a project in better condition. If looking for a deal I personally would find one with a better body but tired drivetrain.
As an aside, my favorite full-size look is 78/79, but these are a little rarer. I have a friend who talked me into getting a 95 or 96 because they are basically the same as 80 onwards but have simple fuel injection, airbags and are a bit more aerodynamic. I am glad he did. My mustangs are carbureted and I don’t mind but the bronco’s being fuel-injected
is pretty nice
Fyi, the breakdown by year (I think):
78-79: sometimes called “dentside”. The caps on these and much of the sheetmetal are specific to these two years
80-86: “bullnose” the blocky ones that look very cool from the early eighties
87-91: “bricknose”. Some guys love them but others think the headlights make them look cross-eyed and they command the least money. Ford actually went backwards stylistically in the next design because the bricknoses had some real detractors
92-96 these are sometimes called aeronoses or obs supposedly though I don’t call mine that. The 95/96s are best.
The really cool thing about these trucks is they were VERY similar from 80-96.
Hope that helps.
And please, please try to resist the OJ joke.