Ok, so my Prelude has horrid "orange peel" all over it. It has no clear coat and the paint is starting to chip/flake/peel. It also has a lot of dings and dents down the sides, plus there are splotches of red that are different shades...

.
All I can say is
I didn't paint it.
I am considering trying to sand it down prime, paint and clear coat.
Here's the catch, I'm considering doing it all with 8 oz. cans of Dupli-Color.
Yes, I know I'm cheap, but has anyone tried this? I mean based on product quality alone, is it possible to make it look good? Lastly how much primer, paint and clear, would I need?
Thanks...