Flivver comes to mind also beside modern slang terms. Jalopy is preferred over time but flivver has this nostalgic feel.
A flivver is an American slang term used during the early part of the 20th century to refer to any small car that gave a rough ride, esp. one that is small, inexpensive, and old. A contemporary term was a "Tin Lizzy" (referring to a Ford Model T). Wikipedia
Chevy, old American car. Habana, Cuba - Wiktionary
It is an outdated term itself but it is still used, especially in novels.
From "The Wild Years" by Ernest Hemingway (1962):
The luge is the Swiss flivver.
Flivver is also used for cheap and old aeroplanes. The Ford Flivver was a single-seat aircraft introduced by Henry Ford as the "Model T of the Air".
