In British slang, a nail is an inexpensive, slow, undesirable zero status old high mileage car.
This cheap form of disposable motoring might also be called a beater, banger, shed, noddy car, tub, clunker, jalopy, and, depending on origin, yank tank, eurotrash, japcrap.
Not to be confused with a lemon, which is an unroadworthy money pit you just unwisely bought.
Friend: "Mate, where did you get this old nail?"
Me: "Well, I saw it in the post office window for £300"
Friend: "Oh. Does the radio work?"
Me: "No. But I can fit a mattress in the back"
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