I painted mine about three months ago. They look SO MUCH BETTER, and it is cheap. Here's what I used:
2 Cans of the Oreily's Wheel Paint
1 Can of The Wheel Clear Coat
1 Package of 220 Grit Sand Paper
1 Scotch Pad
1 Tac Rag
1 Reel of Automotive Tape (the green stuff)
1 Razor Blade
Newspaper
All that cost about 25.00 bucks, and they look new. You clean the wheel really good with soap and water, then sand off the old clear coat and scratch it until it is dull looking, then scratch it with the scotch pad and start taping everything off. I put tape over the center cap, then cut around the emblem and peeled off the tape so I wouldn't get the pony painted. Then when everything is ready, wipe it with a tac rag. (At that point you might also use some kind of cleaner, but I didn't and didn't have any problems). Then spray about 5-6 coats of the wheel paint with nice even strokes, waiting about 10-30 mintues (depending what the temp. is outside). When that is all done, spray on the clear coat, I sprayed on about 4-5 coats of clear. Then wait for them to dry, and be very impressed, because they look like new. Remember, the more paitent you are, the better they are going to look, make sure it is prepped good and the paint is sprayed on evenly. Hope that can help.