Someone on the forum gave me this tip a few years ago for the hood insert and it really works great. Dont use the chipstick unless you have really deep chip - I just use the color magic. Just be careful by the body... have a proton and this stuff is really dark. I apply really slow by hand - especially by the body paint. Wait five minutes and take it off. You will get some black powder flakes...I slowly take those off and even use a blower to get rid of the tiny pieces that remain because of the yellow.
http://www.amazon.com/Turtle-Wax-T-3.../dp/B00062ZJ4O
Just keep in mind a few things - wear gloves - this is a black dye and it will dye everything including your hands - and some people say put a wax sealant on it afterwards. I leave my VX in the garage and it doesn't see rain - so not sure how it holds up to constant weather changes, washes, etc.