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Haha, I know the feeling moonweasel, I hope you know that red oxide will not stop moisture from getting to your sheet metal.
Yep.
Although it will stop rust when there are three or four layers of intact paint below it.
BTW, the primer and the layers of paint are previous owner issues. I added the $8 rustoleum stripes so it is more bareable to look at. It's also stored in a dry garage and not driven in the rain.