If it's an 'as cheap as possible' build, it's gotta be a big old 4x4, like an old Chev half ton. I'd never spend a lot of money on a truck that I'm going to take off-roading because I'm just going to beat the crap out of it on the trails anyway. An old Chev 4x4, rebuild a 350 (into a 383 if you can get the crank and connecting rods), TH 400 and a 205 transfer case. That's about the toughest drivetrain out there.. then drop the remaining cash on a set of Ranchos and some 33's or 35's. If you feel like getting fancy and have access to the right equipment, grab some steel tubing and makeyourself a rollcage and if you want to go all out drill some mount points for some big spots on top. That'll make a mean truck and if you can manage it for that budget (and actually have the spare cash) then it's not something you're going to be afraid of actually putting on the trails.
Or how about an off-road Astro? There actually is one around here.. he's got it raised and on 33's, with big spots on top. The night of that huge blackout a few years back he rolled down our street blasting AC/DC - my friends and I had been sitting out on the front porch drinking beer and joking about how the world was ending and thus due to the timing the van was quickly dubbed the Armegeddon Van.
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