I have an outside pit that came with the house. Lined with concrete. I've had steel covers, wooden covers. They all disintegrate over time. Now I've parked my old honda accord over top to prevent accidents. Works better here than when it was running!
When I need to use it I just pull the accord backwards with a come a long, drive the vehicle to be worked on over top, and put an extension ladder down.
It's not used much but when it is, it's a lifesaver for sure. Oil changes, suspension work, brake work, exhaust work, gas tank removal, it can't be beat.
Besides, I'm getting old and the joys of working on your back under a vehicle on jack stands is best left to the younger generation.
One day If I ever get enough money I'll build a garage over the pit.