Rustoleum actually makes 'auto' paint.
They have the primer, base, and clear.
Its not any cheaper than any other 'value' line paint, and more expensive than several - especially given its 2 stage.
The other option, their regular paint is what, $20-$25 a gallon?
And you have to thin it a lot to get it to spray, so another $8-$10 for thinner.
Then you need a compatible hardener, so $12-18 there. (or it will take forever to dry -between coats and final coat)
So $40 to $53 for paint with no uv protection.
If you are thinking you can do it with the spray cans, well you can I guess, but the paint in spray cans is thinned a lot. Both in order to get it to spray and to keep it useable over time. I once painted a bumper cover on a full size mercury with spray cans, white. Took $48 in paint cans. (plus adhesion promoter) For just the bumper cover. And you had better be good with a spray can besides.
Which I am, I have used a lot of duplicolor over the years to fix little dings and scratches and even small dents over the years, or to brighten up trim areas. Its cost effective for that kind of thing on a cheap car, but that's all.
For right at $100 I got 3 quarts of LIC40, reducer, and activator. Color mixed at a paint store.
http://licindustrialfinishes.valsparautomotive.com/products/LIC40.html
I painted my whole car with it (94 olds 88) and still have enough to probably paint it again. Actual automotive paint covers much better than lawn furniture paint.
I'm sure you could do what you want with a quart. So like $33.
Probably get by with with a quart of the rusto also, and I figure a gallon there, so cut it down to say $20.
Painting a car is a lot of work. A lot of work. Why would you maybe save like $13 to put questionable paint designed for another application on top of all that work you did?
I also suspect I spent more on the LIC40 than you need to, I needed a mixed color and bought it at a autobody/paint store. You could probably just buy black premixed and order online.
I painted my car maybe 3-4 years ago and it sits in the direct florida sun. I can see a bit of fade on the hood, roof, and trunk if I look for it, but not bad.
Pretty sure if the paint they use on Catapillar engines is fading a little, rustoleum would have been cooked off a long time ago.
I have actually sprayed black rustoleum through a hf car paint gun. That's how I know you have to thin it at least a third. We did probably 225' of wrought iron pool fence with it. We didn't use hardener and it did indeed take a long time to dry.
That was about 2-3 years ago and its faded and chalky now, and was within a year, even in partial shade.
The plan at the time was to move the pool, so the fence paint was just a fast solution to keep the hmo ppl happy and the children safe.
I tried to talk my friend into using a different paint, but he was convinced it would be way cheaper to use rustoleum, it wasn't, and now it isn't for sure.
Plus it seems you disregarded my suggestion to check autobody/paint stores for mismatched paint. Back when we were doing the budget paint jobs on the side we once bought a pickup bed full of paint for $150. Granted it was a ranger and just full to level, but that's a lot of paint. Lots of weird colors, but still made a ton of money from what we could use.
The place I go to had a couple gallons of mismatched paint, they would have sold them to me with reducer and activator for $25. Sadly both of the colors they had at the time would have looked awful with my interior color.
Im sure I could have looked around and found some that would work at another store, but I do value my time somewhat.
So the 'po boy reasoning doesn't work, its functionally not any cheaper and quite likely more expensive.
Plus if you want to gain experience, you should probably work with the actual materials used in this line of work.
Now a little more of a look at the time thing. For what you want to do, you are going to have to tape off almost as much as if you were painting the whole car.
You are also going to have to learn how to blend the paint in, at least around the rear quarters, and that's not likely to go well with totally different types of paint.
Honestly you might as well just go ahead and paint the whole car.
Its not going to cost any more to speak of.
Materials like sandpaper are much cheaper (much cheaper) if you buy them in rolls, those little packs at the home improvement stores might seem cheaper, but they are actually crazy expensive, something in the area of 3 to 4 times more or worse.
And if the sides of your car are in good shape, all you would need is some more 320 anyway.
Wax and grease remover is cheap, and you aren't going to use much more tape or paper, but also cheap anyway.
So, same price of materials within a few dollars either way, you don't have to try to blend anything in, and when you are done it will be all the same color.
If you can get a mismixed color, you can also get around spraying black as your first experience. Black is hard to make look good. And you will actually end up spending the same or less on real automotive paint.
Jambs might look a little off, but once again, $1000 car, and depending on interior color and/or what color you can get might be fine.
Plus the experience you gain will be actual car paint/body experience, not kinda like it.