While my 'fenders' aren't as prominent as full size ones, they do add some 'bling' to the trailer. I built a 5x9'6" teardrop on an HF 4x8 trailer. Built over the wheels but the tires still extended slightly past the side walls & I didn't like the 'bare' look of the rig, tho I used it like that for the first few months after construction. Since I had the 'diamond tread' trim already on the cabin I ordered a heavy, aluminum diamond tread fender (for a 15" Jeep tire I think) from Northern Tool. It was wide enough I figured I could make 2 'mini-fenders' from one unit. Had to cut several inches off one end to make it fit my 12" wheels/tires. I then split it lengthwise using a metal cutting blade on my jigsaw, notched 1" of each 'inner' edge & formed a flange using a rubber mallet & a 'mold' of high density particle board. Drilled the flanges & attached to my TD using 1/4"x1" lag screws. Used the original 'cut-outs' from the diamond tread trim wheel wells as 'skirts' for the mini-fenders & fabricated some 'mud flaps' to dress it up a little. They may not be 'real' fenders but they look lots better than the bare wheel well cut-uts... We've towed it more'n 20K miles since modification with no problems or 'loosening' of the fenders.

one of our first trips (without fenders)

'On the road' (with fenders)
