I'll bet the buffer your neighbor bought for $50.00 is an orbital buffer. On black paint, this style of buffer is almost a necessity if you want your paint to look flawless all the time. As for polishing opposed to waxing, wax your car twice a year mainly in the spring and before winter. You can polish your car anytime. If the paint is looking like it's losing it's "sparkle" wash it with dishwashing liquid real good to strip all the old wax off and start over with the process. You'll like what you see.
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