if your just getting started equipping your garage,start with the basics,obviously youll need hand tools, most of these tools are REASONABLY CHEAP but servicable
get a decent air compressor
http://www.homedepot.com/webapp/wcs...10053&productId=100083906&N=10000003+10002016
and a few air ratchets,
http://www.homedepot.com/webapp/wcs...langId=-1&catalogId=10053&productId=100210348
get a die grinder
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=99698
light
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200309803_200309803
cut off tool
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=65065
get a decent welder
http://www.millerwelds.com/products/mig/millermatic_180_autoset/
and get a lift or
http://kwiklift.com/Options.htm
jack stands
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=34924
floor jack'
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200345429_200345429
get a basic drill press
http://www.homedepot.com/webapp/wcs...langId=-1&catalogId=10053&productId=100037270
a press
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200326415_200326415
youll be amazed at what you can do with basic tools
get a decent air compressor
http://www.homedepot.com/webapp/wcs...10053&productId=100083906&N=10000003+10002016
and a few air ratchets,
http://www.homedepot.com/webapp/wcs...langId=-1&catalogId=10053&productId=100210348
get a die grinder
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=99698
light
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200309803_200309803
cut off tool
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=65065
get a decent welder
http://www.millerwelds.com/products/mig/millermatic_180_autoset/
and get a lift or
http://kwiklift.com/Options.htm
jack stands
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=34924
floor jack'
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200345429_200345429
get a basic drill press
http://www.homedepot.com/webapp/wcs...langId=-1&catalogId=10053&productId=100037270
a press
http://www.northerntool.com/webapp/wcs/stores/servlet/product_6970_200326415_200326415
youll be amazed at what you can do with basic tools