red is the color that deteriorates the worst never buy a red car..... having said that you have one so is the paint just faded and chalky or does it look like the clearcoat has started to peel? if its just faded then its probably painted in 2 pack enamel and a damn good cut and polish using quality product will actually bring it up a treat..... but it wont last too long and you can only do it so many times. if the paint is looks like its peeling off in sheets in places then its likely been touche up at sometime using low quality clearcoat over the basecoat or poor prep or both and a repaint is the only option. even with a top quality paint and clearcoat done correctly only carries a limited guarantee and the paint company always has an out (usually pointing the finger at poor prep). unless your in the trade then the major brand of paint are possibly not going to be sold to you as they have no idea as to whether the products health and safety requirements and application procedures will be followed . the 2 pack paints are highly toxic loaded with cancer causing agents that get released into the air when being sprayed . a makeshift booth is not gonna help it needs to be filtrated and yo need to wear the correct gear that shit can be absorbed thru your skin and even your eyes so just a filtered mask isnt enough. paintshops pay alot of money for compliance and containment of materials they pay huge wages its not a trade that you see many old painters alot die of cancer at what is a generally young age 40s-60s....
you could use a 1 k paint (one you dont have to use a hardener with) but this wont last long and you will be wondering why you wasted your time and money
and lastly mx5s were built by tiny japanese people and are very time consuming for kiwi blokes with pudgy penis fingers to pull apart and refit
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