���Thanks for all your input and advice. Used the eraser wheel. Worked like a charm. Only problem encountered was the new decal was spaced tighter than the original, so you can see remainder of the last A because of top color fade. 
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Here is Lola's "After"
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http://images.thesamba.com/vw/gallery/pix/1059902.jpg
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http://images.thesamba.com/vw/gallery/pix/1059901.jpg
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http://images.thesamba.com/vw/gallery/pix/1059900.jpg
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In case you wonder why we chose the color we did, here is why.
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http://images.thesamba.com/vw/gallery/pix/1059899.jpg
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Thanks again!
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Jeremy & Lola (liking her new tattoos.)