Replacing your Vinyl Siding Vs Painting Your Vinyl Siding. What's Better? If you just want to change color of your vinyl siding, painting is your best bet. It will cost you more to replace the siding, but painting will be quicker and more budget-friendly. If your siding is older, cracked, or warped, painting won't save it and a partial or full siding replacement may be needed. Regardless of which option you go with, do your research, and hire professionals to save yourself some time.