I've never had a trailer with a lay down spare, all of mine have been "upright" so to speak, and I've got a Master lock brand lock that goes over one of the lug nuts that prevents one of the 3 lugnuts from being removed. Was a bout $5-10 bucks but I've had it a long time. I keep moving it to the new boat. LOL.
It probably wouln't take much to break the lock, but it makes the lazy thief move on.
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