This article examines a wire coating technique using a viscoelastic Eyring-Powell fluid in which magnetohydrodynamic (MHD) flow, thermal transfer, and Joule heating effects are studied. Temperature-dependent, variable-viscosity models are used. Flexible-viscosity models which are temperature dependent are also considered. The interface of the thermal boundary layer which describe the flux and thermal convection phenomena, are evaluated by using a dominant numerical technique known as the fourth-order Runge-Kutta method. In particular, this article takes into account the impact of a permeable matrix which behaves like a dielectric in order to avoid heat dissipation. The effect of thermal generation is also explained, since it controls power. The novel effects for the numerous parameters which affect the velocity and temperature profiles on the wire coating process are investigated through graphs explained in detail. These include non-Newtonian, hydromagnetic, permeability, and heat source/sink effects. For validation purposes, the numerical scheme is also compared with a semi-numerical technique HAM and BVPh2 software, and found a closed agreement with the numerical results.