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Has anyone had their stock trailer re-painted? If so, what is the ball-park cost?

Looking at a neighbor's 1988 7x18 Norbert trailer that needs some TLC and is being sold by auction in the spring.

Needs 4 new tires and rims, brakes, lights, a paint job and a little bit of steel replacement around the fenders. I've found a number of older 18'-24' trailers online that have been either well-kept or refurbished for around the 4k mark. Just trying to figure out a bid well ahead of time of the auction. I'm thinking no more than $1500, but maybe that's still to high.
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