01 quarter panel rust

Jbarker83

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looking for some help i just bought a used mustang and everything seemed good untill i washed the car and really looked it over and now it seems the quarter panels are rusted in the wheel well and a few spots of paint bubbling on the outside of the panel on both sides of the car hard to see on a silver car.

i paid 5500 for it only has 73k miles on it but now im bummed and not sure if its worth putting money into or keeping because i have no idea what to do about the rust and most likely not enough money to have it fixed and don't know anyone who could help
 

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