I have the required totally faded red 91 318is that we all know and love. Mine had gotten to the point where it was called the Pink Panther..rightfully so I might add. I found a product called PS21 color enhancing compound, which is used like any other compound, but really did bring the red back. I put this on & off by hand. Then I hand waxed it with 100% carnauba wax, its called Blitzwax. I used an orbital buffer to take off the blitzwax, and this process left me with a much better looking, and more importantly, red, car. Then, I used that stuff you get a pep boys to make tires shiney. do I put it on my tires? :eek: NOOOOOOOOOOOOO!
You put it on the mirrors, valences, and bumpers, to bring up the shine factor on the plastic. When all is said and done, you still really need a paintjob, but your car looks 100% better till you can get it done. BTW, its now known as the Red Baron..see, it works!!;)
Geoff