Looks like you have some clearance, Clarence. Depends on how much spring travel you have whether the tire will rub the fender. As for the wheels, yeah, they have some ugly rust. You could try to hit up the rust with a wire brush some, than put some Ospho phosphoric acid on them to turn the rust into iron phosphate, which is rust resistant, than paint them. Or, do what I've done on most of my trailers when I've needed new tires, and just bought the new tires mounted on galvanized rims. As for the hubs, they don't look terrible on the outside, just your bearing buddies have lots of dirty grease. Of course, where it really matters is inside, and the only way to find out what's inside is to take them apart and overhaul them. If you're lucky, they are filled with clean-ish grease, and the races are nice and smooth. If you aren't lucky, you'll be doing the whole nine yards. There are plenty of videos on YouTube how to overhaul bearings. After re-doing a set hammering races in and out with a large screwdriver and hammer, the next set of hubs I overhauled, I cleaned them all up, and brought the hubs and races to my mechanic to drive them out and press in the new races. Then I had trouble getting the damn inner seal into the hub. So, the last time I did it, I just took the hubs in, along with the seals, races, and bearings, and had him do it. If you've just bought the boat, be careful, because it's pretty common for a seller to pull hubs and re-pack the outer bearings, but not do anything on the inner bearing because you have to remove the inner seal to re-pack the inner bearing. Don't forget to check the spindle for rust or scoring. Finally, those bearing buddies will clean up ok, with good solvent, and then the springs and pressure plate should move fine.