Very ugly. The rest the of the frame is pretty spotless. Just a problem in the area behind the fuel tank, you know, the area I couldn't see when I crawled under to do my inspection when I bought her. She spent her life as a bread van in the Carolinas. 400,00 miles of bread delivery though. The spring mounts are on the outside of frame and they are fine. The area between the spring mounts, where the fuel tank is mounted, the frame has a smaller section of c-channel riveted inside inside the main frame. I guess they did that to stiffen the frame up in that area. Well, all the flaking rust is all in between those two pieces of metal that have been sandwiched together. Moisture got in and kinda sat there. What a bummer...