Any compressor is better than no compressor. Talking to a home mechanic, he said the more capacity the better. He had a $4,000 unit in his home garage. Uh, yah, right. I got a three cylinder compressor with US Compressor (not Chinese), this companies top of the line model for that range (models with Chinese compressors were a couple hundred cheaper) for $800 (list is $1,495). It was in the local but & sell. A building company bought it then went bankrupt and the guy who bid on a lot was a woodworker and didn't need that big a compressor so sold it. It was virtually new. Basically get the biggest you can afford. Search the buy and sells web sites in your area and see what comes up. If you do any sand blasting you need as much air as you can get. Some air tools use a lot of air as well. For things like air wrenches and inflating your tire you don't need as much. It's kind of like the duty cycle of a welder. How patient are you to wait for it to build up pressure when you use short blasts.
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