Here's my experiance as went through the same thing in the middle of a recession in 2008 of all times and did it on my own dime with no help from mom and pop.i had the same 50% snap on offer.i thought everyone else was stupid for dropping $4k on the snap on master set and then $3k for the 54" box,while I went and got the matco starter set for $1,300 and a $1,200 36" snap on box.well I was wrong.matco turned out to be the biggest **** brand I ever owned,every tool broke within weeks and I ended up trading it in for snap on or Mac because the matco dealer was worthless,later down the road I ended up pretty much replacing everything with snap on at full price,also had to buy a bigger box a few years in the field.only original matco tool I have from that purchase is a standard locking pliers.if I could go back and redo it the only thing I would change was do what other people did and get the box and master tool set at 1/2 price on credit.
And that snap on credit thing that people are saying not to get,I say if you can afford it do it!get it under your kids name if he's responsible and you trust him,it will help him in the long run.when I went to tech school I had to move over an hour away from home with a good friend in an apartment under his moms name.i had nothing in my name but my pos $900 beater camaro.i had no credit or anything,I applied for a student credit card and didn't get it,I applied for snap on credit and was approved for $7k at 19%.yes it was a lot but it was all I got.i only bought a 36" $1200 snap on classic box and payed triple the minimum a month,after a few months of tech school and working paying for it i reapplied for that student credit card and I got it,after a year or so I got a best buy credit card only buying things I could afford to pay for,a blender,then a microwave,a small TV,a DVD,a movie, and so on.it helped start my and build my credit,I have since bought two cars.both times not needing a co signer and the second car didn't have to put anything down,and just recently qualified for house and was told by the bank I have very good credit for my age.my brother who is four years older than me has only had a few low balance credit cards and a car with my dad is still trying to build his credit to get a house for his wife and son.
It worked for me but it may work different for your son,but I'll tell you every job I interviewed for and got I was never kicked or looked over because of my tools or size of my box.all they asked was I had tools in a lockable box and not in a 5 gallon bucket,I showed up to work everyday ready to learn and never called in sick.thats what they cared about.....
Best of luck!