Great opinions all, thank you.
I want to add more info to help:
I am keeping this car from its current 160,000km to at least 300,000km and I drive about 12,000-15,000km/year.
I am in a tight financial position now (car wise), and want to:
a) protect the paint underneath
b) change the colour to black (with or without pearl or gloss, I am not picky)
c) be able to fix issues that pop up (rips and tears) inexpensively and easily
That leaves paint out, because I don't have a booth, and the paint underneath would be sanded or whathaveyou.
Vinyl and PlastiDip are my two options...and I can't afford the $2,300+ that a Vinyl job will cost.
(side rant: why do they call it a vinyl WRAP when it doesn't WRAP around any body panels...it should be called a veneer)
So it seems like plastiDip is the best bet at ~$1,000 for 7 layers and wheels...
I am still hesitant. It is quite a bit of money...then again chips are common in Canada and the paint could use the protection...and people do slam their doors into other cars in parking lots without a second thought...
I guess it looks like I am going down the road to dipping.
The point timmy0tool makes is excellent, and I will ask them to let me SEE the car after it is masked before they start spraying dip. It is the masking that prevents the crevasses from getting rubber in them...
(side note: some crevasses might see improvement with rubber in them, but that's for an engineer to tell).