Thanks, Jake. The key with the kit I used (Leather Magic) is the prep stage. It's fairly frightening as it removes most of the existing color and looks crappy. But you need to give something for the new paint to adhere to. But then, after cleaning thoroughly, and layering on a few coats of the color - it comes out pretty nice. It also "sealed" some of the loose stichting on the wheel.
We'll see how it holds up. Can always do it again I suppose. Thinking I may redo the seats, or at least the bolsters, every year or two anyway.
PS: Does your Box now say it is your father?