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Sanded, bondo'd, painted. Or outright replaced and painted. Or replaced with one from a scrap yard in good shape that's already painted.
Find a local body shop (or shops plural to get more than one quote). Probably skip insurance.
Others would know better the cost. I wouldn't be surprised if it's a grand or so. I'd probably DIY it if it was any more than that. But I've been tinkering with cars for like 40 years now and think I could pull it off especially on a part so low to the ground.
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