I pulled the spare off my 2003 last year. Had it since new. Amazingly the tire still had pressure, just a little low. The rubber looked good, which doesn't mean it was! The steel rim however was rusted out badly and quite fugly. I cleaned it up and put that rust conversion stuff on it and didn't put it back under the vehickel. I only drive this puppy local so I'm keeping it in the garage and can come home to get it if I need it. Just a little less weight to carry around and it wont rust any worse in the garage. I'd only use this in an emergency. I will pull the spare off my 2014 every couple few years and clean oil rust protect it now that I've seen this mess. WNY rust is a problem.
I wish it was easier to rotate the spare rubber into and out of service over the years. I generally buy a vehickel and keep it forever and that would mean you always have a viable spare.