Low fare reset with my old ship (9)
I believe the answer is:
mayflower
'old ship' is the definition.
(I've seen this before)
'low fare reset with my' is the wordplay.
'reset with' indicates an anagram.
'low'+'fare'='lowfare'
'lowfare' mixed up with 'my' gives 'MAYFLOWER'.
(Other definitions for mayflower that I've seen before include "Pilgrim Fathers' ship to the US" , "traditional craft" , "Ship on which the Pilgrim Fathers sailed to America" , "Pilgrims Fathers' ship" , "Tree" .)