90% of the time it's sound insulation. I've seen plenty of cars with it removed for years without bothering the paint. parking it in the sun will bother the paint more. it may reduce underhood temps a little but once the engines running, there's enough airflow it won't bother it much.
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-Russell
1991 Toyota Pickup 22R-E 2.4 I4/5 speed
1990 Toyota Cressida 7M-GE 3.0 I6/5-speed manual
mechanic, carpenter, stagehand, rigger, and know-it-all smartass
"You don't get to judge me for how I fix what you break"
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