Some GM cars in the early '80's had a water based paint. After a year or two it began to peel off. The cars were bead blasted and recoated with the conventional paints of that time. The water base paints were nnot clear coated. I am sure that there are better things avalable today.
I had an 81 Chev Citation, dark blue in color. About 6 months after I purchased it went into the garage one night, the car was wet from rain, turned on the light and it looked like the paint was alligator skin. Cracks all over the entire roof and hood. GM repainted it for me, it was still in good shape when I traded it 50,000 miles later.
