Upon consideration, striping might look good if you powdercoated the wheels nicely...that would dress them up a bit. The stock paint finish isn't all that great, although it's perfectly serviceable for its intended use. In the end, though, if money is to be spent I recommend saving up for some aftermarket wheels that offer some weight savings over the steelies. That'd help the car's physics out alot. I did this and, for what I got out of the project, it was not all that costly.
I've actually removed the wheel covers from my IQ and I'm starting to tape them up. I'm just going to paint them. The plan goes like this, I have the wide seven spoke pattern covers. They have a raised ridge in the middle of the spoke. I'm taping off the center ridge (as best I can, I suck at this stuff), then I'm going to gloss black paint the rest of the wheel cover. That will give the raised area more of the appearance of being a 7 spoke rim while the gloss black should match the steelies pretty well. I know this isn't the greatest plan in the whole world, so if it doesn't work, I'll go get gunmetal grey rattle can and just paint the entire cover that color instead of silver. I just hate silver... What do you all think?
I've gotten two of the covers taped so far. With 5 kiddos running around till 9pm, finding time to get them done quickly can be tricky. I'm off tomorrow, so I should be able to get started with painting then if the weather cooperates... And I will post pics when they are done.
Well, the painted wheel covers turned out ok, but in the end, I destroyed the paint with an incompatible clear coat. Ticked off was not the right word. I went to Amazon and got some wheel covers... Pilot WH521-16C-B All Black 16" Indy Wheel Cover. These should look pretty nice. I'll try to get some pics up when I get them in. The price was definitely right.