Ok.... after some research, shopping around, and head-scratching.. I've decided I'm going to just repair the few damaged clapboards and repaint the garage for now.
However, it does need new gutters. Right now, it's just got the cheap, plastic, snap-together ones.. and the genius who installed them.. only put them on 3 sides of the hipped roof. Couldn't spend the extra $20 to do all four sides, I guess. So, my plan at the moment is to tear off the gutters, repair/replace fascia boards where necessary, and then wrap the fascia in aluminum leaving a channel for vinyl/aluminum soffits when I decide to redo the garage in vinyl someday... then put up some proper aluminum gutters.