damn.. did he get his lugs stripped or something that he had to do that? as for the fix, i think the only thing you can do is a repaint. as for the polished lip, that's fixable too. as long as there's no chunks of the lip or wheel missing, you're ok
Yeah they are deffently goign to take some work to get them looking good, but if they are a good price and you have the time or money to fix them go for it. Other wise wait for a better set to come around that are in better condition.