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A replacement spare tire carrier, or "basket", will set you back more than $350 so, unless your last name is Trump or Gates, you'll be interested in breathing new life in a basket that has seen better days. The entire repair and refurbishment detailed here took about 6 hours start to finish and cost less than $35 for all the materials used. If you're a novice at fiberglass repair, this is an excellent project to "get your feet wet" with, since it's a "rough finish" component that doesn't have to be perfectly pristine. Here's how to go about it:
SPARE TIRE BASKET REFURBISHMENT
FIBERGLASS MASTER CLASS