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Phil, I went through the same thing a few years ago and I ended up getting a new trailer. Check out Pirate Marine .com, this is where I got my trailer. My trailer is a Load Rite galvanized bunk trailer. The base price was $1499, I added a spare tire and rim, LED lights, and added 3 yellow rollers ( 2 at the very back and 1 on the crossmember and also 1 at the front. The total for everything was about $1800. I have sold 2 boat trailers and 1 was a salt water trailer that sounds just like yours. You should be able to get $400 or $500 out of your old trailer even in the shape its in. You will have close to $1000 in your old trailer plus your time to rehab it, so for what you can get out of your old trailer and what you spend on trailer parts to rehab your old trailer you can have a brand new trailer. Check out Pirate Marine.com and see what you think Dan, the owner is good to deal with and they are located in Berlin Lake, Ohio between Akron and Youngstown just off Interstate 80. P.S. I never had any trouble selling any of my old boat trailers.