We have painted our bodywork earlier years, and multicolored logos though supplied by one of our sponsors so that they are made at the same place. It's not that easy to collect all the logos (especially when you want .eps for scaleability), but it does definately look a bit more professional when the stickers age in the same manner for all logos. For this year we are trying to get full vinyl wrap in order to ease finishing work (paint work takes Time!), and including logos into those vinyls. During the events we talked to some different teams, and the fact that the only time the car is stationary when wrapping is the actual time you are spending applying the vinyl is a big plus for us.
Just to show how our cars have looked like to this date:
2013 (easy color scheme due to body break lines, but white and raw carbon needs care in the preparations work to make it look nice):
2012 (a little bit darker, but the two-tone [three-tone i you include carbon] took some time to mask):
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