Thanks for proving my point.

Better to stick to what you actually know.
Seriously, the OP can find an adequate used compressor for not much more than an inadequate new one.
I guess you didn't read the part where he said he's gonna need to save some more money so he can ALSO have a 240v line installed. it always helps if you have a place to plug the thing in.. not to mention, you'd probably want a small blasting cabinet to go along with all that too unless he wants sand shot all over his garage. I guess that's me sticking to what I know.
Also, Chances are the guy isn't gonna want one of your $300 rusted out SHOP SIZED Craigslist compressor finds sitting in his garage. For under $200 the guy can buy a brand new DIY sized compressor and it'll do 90% of what he wants to do tomorrow.
I wanted a sandblaster too years ago until I realized what's actually needed to run a decent one. And as previously stated, cordless tools being what they are, there is no actual NEED for a compressor anymore to do work on your own cars. With all my Milwaukee stuff, like impact wrenches, grinder, ratchet, drills, impact driver, screw drivers - all that stuff is cordless, and you can do the same work as if you had a huge expensive compressor, without tripping over air hoses. I haven't even touched my 30 gallon compressor and air impacts in years. The only thing I'll use the air for is to blow stuff out, and maybe do trim work - and I just use the small pancake model I have for that.