About two months ago I bought a 1994 Toyota MR2 as a project car to both work on and take to the track to learn how to drive. The clearcoat is peeling off badly, looks just like any of those in the clearcoat failure hall of fame post. I really don't really care how the car looks as long as it runs since it's purpose is for the track. That being said I wouldn't mind spending some extra time on the weekends trying to make it look LESS BAD.
I know from other posts the only way to FIX the peeling clearcoat is a new paint job, but I'd like to see if there's a low-cost way (with me doing the work) of making it look less bad. I'd like to remove the white areas where the clearcoat is in the process of peeling off, so there would just be base coat and unpeeled clearcoat, and then I'd put on some new clearcoat to protect it all.
Today I bought some of the Ultimate Compound and tried that - I know it's designed for paint where the clearcoat is still on, and it helped somewhat with both the base coat parts and the clearcoat parts still on, but it didn't remove any of the white transition area when the CC is flaking. Tried some leftover Deep Crystal paint cleaner, that didn't do it either.
Any tips on just how to make it look less bad, or at least remove the white area where it's flaking? I've heard 2000 grit wet sandpaper might work. Like I said this car's purpose is to be driven at the track so looks are not critical, but if I can make it look less like this than that's a bonus. The spots on the top half are just dirt, I've since washed it off.