Asking what compressor to buy is difficult to answer without specifics... like asking what car to buy.
What do you plan to do with the compressor? Inflate tires and short-term use of air wrenches (like number6 mentions - removing lug nuts), or do you plan to use air tools? Is noise an issue (if it is, you're basically out of luck unless you can afford a screw). Painting needs dry oil free air. Air tools just need air.
My story, as an example: A buddy gave me a small 1-hp piston type. I used it three times to run an angle grinder... spent 75+% of my time waiting for the compressor to build pressure. In frustration, I gave the small unit to another buddy (with explanation that it was good for filling tires and not much more). I went bought a 5 hp IR compressor, 9 cfm at 90 psi. Now I can run said angle grinder (and DA sanders, etc.) 100% of the time. I love the compressor and use it a lot.