Just installed so I can't speak about durability and water resistance. It looks well built. The only issues I see are 1) it's too big for my 2006 Jeep Wrangler, it doesn't fit, and 2) there aren't enough grommets around the edges for me to tighten it down. Next time I take it apart I'll probably add the extra bushings myself. The lock and cable are probably useless as any bolt cutter can easily cut through them. I don't think it's necessary anyway. When it comes time to replace the cap I'll probably look elsewhere.
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