Another product that acts like WD40 is Gibbs penetrating oil (see eBay or Amazon). A friend restored his mid-60's Lambretta bodywork "hot rod style" to raw metal and 5 years later (with garage storage and no rain riding) there was no sign of rust. The Gibbs product also claims to be friendly to metal if you ever wanted to repaint - can't say that about WD40!
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