I read about using microfiber bonnets to apply the wax. I am sure this machine would be able to apply and remove the wax.
I cover REMOVING wax using a microfiber bonnet in my how-to book "The Complete Guide to a Show Car Shine".
You need to think about this one... here we go....
You can only use bonnets to remove waxes that DRY. And are EASY to wipe off or the tool won't be able to remove it.
If the wax stays WET like a WOWO wax then your bonnet will become WET and instead of removing the wax it will do the opposite and start spreading it around.
Make sense?
I do cover this topic and hundreds of topics in the book.
As for applying a wax with a bonnet? People used to do that with the huge clunky traditional orbital buffers like I show in this article.
The Traditional Orbital Buffer aka The Wax Spreader
See the bonnet on the backing pad?
If you're going to use a modern polisher like a PC then might as well use a SOFT FOAM pad on your scratch-sensitive clearcoat paint to apply a wax instead of a fiber material.
Also what is a good machine to compound. I see a ton of reviews I am not looking to spend a fortune and again lightweight is ideal.
I'd get a Porter Cable with a 5" backing plate and 5.5" thin pads, either Lake Country or Meguiar's new thin foam pads. I think I have articles on both of them.
I could share thousands of full write-ups showing trashed paint restored to like new condition using the simple Porter Cable just like I demonstrated last Tuesday night here...
Wild! 1940 Olds Flaming Yellow Streetrod in the house!
Showing Dave the owner how to use a Porter Cable DA Polisher
Here's a technique for holding and guiding the PC to keep the pad flat to the surface to maintain pad rotation.
But I don't have the time...
