Vinyl graphics are very cheap and take a lot less preparation, you can get them done to order from ebay even, painting isn't worth the hassle unless you are very good at it, in which case I would supsect you'd already know the best local supliers for such materials.
I use vinyl graphics on all of the large radio controlled model aircraft that I build and fly and they are superb. However on ST KITTS the name is painted on and is outlined also. So removal of the name in three places without leaving obvious marks is difficult. I even traced out the name to have vinyl letters made but the hand painted letters are not symetrical and the vinyl did not match. Hence I need to repaint the name.