first i would strip away the old paint then take it in to your local paint shop, should run you about 75 to have it properly painted. if you dont strip and clean it before you go to have it painted then you will be looking at n addition prep and labor charge.
it diffidently needs new plugs and or wires. Also sounds like you have a air flow problem. also, looks like you are sucking in to much air and its causing you car to die. check your airflow assembly for wholes or disconnections along the intake.