was messing around with this knife i bought but never used and figured its gotta be good for something so when i decided to do the fat whites on the roadster i found that this knife was really good for cutting circles.
you can find them in drafting stores or the knife aisle in hobby lobby

you need all this

take the template and line it up to the size you think will look the best

lay some tape down and cut the circle the blade follows the edge perfectly without catching

lay the large piece of tape over the tire like this

mix up your paint

airbrush your tire

and youre done
before

after

if you wanna make a white wall cut another circle a size down and lay it between the big circle.