A paint wrap uses vinyl to change the color of a vehicle.  This can also include stripes or large cut vinyl graphics.  In terms of what can be accomplished, think of it like a custom paint job; however, a wrap is not a permanent change.  If the OEM paint is in good condition, the vinyl will protect it, and most vinyl manufacturers give clean removability terms of several years.  This means you can have a look that fits your style, and when it’s time to sell or change the color, the vinyl can be completely removed.