Inside & out is still some pretty good surface area figures. If you are going to try an old timey multiple coat job, I wouldn't start with anything less than 2-gallons. Is this nitrocellulose lacquer or are you talking acrylic lacquer? If you go this route, you will need to let the coats completely dry before sanding and adding more coats. The old lacquer needed to out gas a bit before applying more coats or the stuff will spider web on you. This is a long drawn out process and is a pain in the ars from my recollections. I like single stage polyurethane myself. Two or three coats and your done unless you want all sorts of stripes and clear coat on it.
If you want the cracks and peeling from the 50's, lacquer is the way to go. The cracks will appear in about 2 years and then I hope you use the modern single stage that every one is telling you to use. If the single stage paints are available then. Now the EPA is mandating water base paints that need an oven to dry the paint.Using acrylic lacquer. Building a 40's traditional hot rod and want to stick with the old time look.
I think this is excellent advice. I typically purchase three gallons of color. I like to have a little left over for any possible future damage (God forbid).
For the most part you will get cracking if there was improper preparation prior to painting. Then the one who did the prep and painting cries about what lousy paint acrylic is. There were and probably still are a lot of 60's vintage GM cars with original acrylic lacquer sitting in junk yards that the paint has never cracked on.If you want the cracks and peeling from the 50's, lacquer is the way to go. The cracks will appear in about 2 years and then I hope you use the modern single stage that every one is telling you to use.
3 gallons of colour paint to paint a single car - is it the size of the space shuttle? 3 liters maybe... 3 gallon is wayyy to much paint. how many coats are you putting on?