QUOTE(Geoff1951 @ 6 Apr 2010, 15:42 )

I always felt that Hammerite or similar - bitumen type stuff, etc - was used to cover up what the seller didn't want to be seen, when I looked at motors.
FWIW.
Too right. In my student days, early 70's a mate had a Renault 4. He advertised it for sale and we set about cleaning it up. When we lifted the rubber mats, we could see the ground through a rusty hole. Newspaper and flour & water paste sorted it from the inside, mats glued back in place to cover up. Next day we painted some bitumen on underneath, took it for a run down a dusty track while it was still wet to even up the grubbiness, sold the car for the asking price.
Probably lasted longer than the Anglia he sold with a cracked cylinder head araldited onto the block half an hour before the purchaser called round.
His fairly amoral plans did come unstuck with a Vauxhall Victor though - it was so bad he decided to get it stolen. Left it in Manchester, keys in, unlocked, most evenings. Someone smashed the window and stole the radio. As the window cost more than the car, it went to the scrap man.
My only comment on waxoyl is that it is really nasty if it gets in your hair! In those days, we did jobs like that by finding a pavement with a high kerb, drive one side up onto kerb and slither underneath. Not much spraying room and hard to move quickly when it drips. Ah, memories. I ramble.
I would use it if I had a classic, but wonder if the solvent might not soften the exisiting coatings on a modern car and actually make matters worse?