Hmm...number 1 looks like the best value even if the tools are crappy you get a little more for the money.

If you want to attempt painting later down the road, save up and buy the right compressor now.

Recommended is a belt driven, iron cast, two stage at 5hp or at least 12cfm. (pay attention to cfm) a 30 gallon tank would work, but will keep running to supply enough air.
Which means dips in air pressure while you're painting. But it may be enough for what you would need using it at home since you won't be painting multiple cars.


Good brands are...

Ingersoll Rand
Quincy

Though I would warn they are pretty expensive. They're quality compressors that come with a good warranty.


Other than that I've seen a nice 60 gal, 5hp Kobalt at Lowes. Not sure on their quality, but it was around $700.