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I agree most of the craftsman "oiless" compressors are marginal at best. They use a leather ring on the piston to seal and it does wear. With that said the IR is marginally better but I do hear tales of them failing in a couple of years with little use.
I need to know a couple of things, does it have to be roll around and does it have to be 115 volt?
Can you tell me your zipcode and I will check the used ads in your area? Maybe you can get a deal like I have at my home shop.
My zip is 01581.
Roll around might be of help when I do my flooring project at home, but I suppose I can run a longer length hose as well. I figured a vertical unit would have a smaller footprint on the garage floor, and a better chance of a buy-in from the wife :)
FWIW, I did see this link as well
Hoses are cheap ($10) for pvc so if you can leave it in one place it would be better.
Got a Lowes in the area? You would be better off with this unit
Better parts and certainly better reviews and it is less money! Works on 115 , It needs a couple of modifications to make it work well. The drain on the bottom is useless so you would have to remove that, put in a 1/4" elbow with 6 inch nipple and a 1/4" ball valve and nipple to attach a hose to drain it.
The oil drain extension would be the other modification
Let me look around your area for a used unit, maybe there is one waiting for you.
I see several in your area that would be an OK buy, if you can work them down on price it would be a better deal.
How much air do you need this to produce? What tools do you need to run and other jobs like blowing out a sprinkler system do you need it to do?