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"Necessary", depends on your definition. Keeps it looking cleaner longer as it sheds water and dirt better. And 5+ years down the line there is a marked difference between waxed and unwaxed. But there's definitely diminishing returns. Once or twice a year with a long lasting synthetic is usually enough. Folks detailing their car every weekend are just doing it to maintain a show ready appearance and not getting that much more long term protection for tons more effort.
Is waxing really necessary with today's clear coat? A good wash and dry is good enough. Unless you like fondling your car.
Clear coat is merely regular automotive paint with no pigment in it, and a UV stabilization component. But without wax, it'll still deteriorate like any other paint.
Are you self applying the pinstripes ? I would leave it to the professionals, and go with paint vs. stickers.
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