N. Broken down, ragged, beat up, corny or ghetto (as referring to an object or article of clothing, most times a vehicle or sneakers)
"I have no idea why you would even bother putting a system in that busted-ass Tempo of yours. The shit is going to fall apart if you even try bumping a cd with some actual beats."
"Yo, what's with your busted-ass shoes? Them things are talkin to me! I'd recommend buying a new pair of sneaks REAL soon. Those things are about to give out any minute."