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How old is your car? What model is it?
Is the existing paint in terrible condition? I would really try to avoid this... Is the car you have available in the colour you want? Rather sell and buy a new car?
To get a decent job done, it will cost around R20k+++. You have to strip everything to be able to spray... doors, roof lining, dash, engine compartment... They also have to prepare all the surfaces properly - a huge job.
These guys that say they'll do it for like R5k or R10k don't strip everything, and normally only respray with the same colour, so that they don;t really have to respray everything, and they generally do a *** job.
You have probably just damaged the top clear coat....
I'd first suggest seeing if someone can fix it by "detailing" the car.
Yeah if you've scratched it try polishing, doubt a sponge could have damaged it more than that. Otherwise you might need to wet sand it. If that fails then yes you have to respray. I'm sure the "stickers" will be easier but not that much cheaper... Mayber 7-10k for that car.