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OK.
Stay away from the Craftsman impact wrench, and go with a CP or IR. There are reasonable Craftsman wrenches, but they don't include the one you show. It will cost several times as much but will be worth it. Torque is double at least. Consumption will be just over 4 cfm. Lubricate it regularly.
No problem with a Craftsman compressor, but the one you show is for a nail gun. You need something more like 1.6 hp. 26 or 33 gallon tank, preferably on wheels.
Add in an accessory kit with a tire chuck inflator, and air nozzle. If you have the compressor, a 3/8" drive air ratchet is handy. Get Craftsman impact sockets.
Make sure you don't use the impact wrench to install the wheels, you still need the torque wrench.
Don't use the air compressor when you need clean air, such as blowing out computer parts.
Good luck.
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2007 X3 3.0si, 6 MT, Premium, White
Retired:
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