/diy/ - Do It Yourself

Hello /diy/nosaurs,
Long time lurker, fist time posting.
I need some help deciding the best way to restore the lightly damaged and worn wheels of my new old car.
It's a 1994 Volkswagen Gol, got a good deal on it, had some mechanical problems that have been sort out and now I'm focusing on the looks.
I live in a beautiful third world country where old used cars keep its value pretty well and people is willing to pay extra for a car with nice looking wheels and a good audio system.

My plan was to clean them with some industrial de-greaser (ie: Malco Red Thunder), sand it (by hand, blasting not possible) and then paint it over....not sure with what exactly (no oven either...).
I do have a compressor and I might be able to borrow a paint gun.

So, the question is:
How do I make them look like new? What kind of paint should I use to get a long-lasting finish? Any tips or suggestions to share?

Thanks in advance!