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I am in the same boat. Sorry, bad pun. But, I bought a trailer that sat for 20+ years. I bought new hubs but haven't replaced the tires yet. They look great - but I know I could end up like your friend easy enough. Sometimes, dry rot is not easy to see.

My trailer pulls a Sport 13 and has a single axel w/ 8" tires. So, they're easy and inexpensive to replace. My thinking is, what's a few $ to have peace of mind?