The Nissan Path

Buying a 99 R50 4X4 with 260K and and blown clutch. Underside is good except two spots in wheel wells. Drivers front and passenger rear. I poked open all I can with screw driver. Damage is only where you see. Everything else is very solid.
Truck is $400 and rot shown is all of it. Doesn't seem to be a safety issue.

Any opinions?

This is the rear passenger wheel well. screw driver went threw one spot. rest is solid.


This is the same fender. This is worse fender by far. Rest just have bit of surface rust.
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I guess it depends on your intentions, but $400 is scrap value around here so it's not like you can go too wrong!