You can get a fine electric impact for cheaper than that, and not have to worry about a compressor. With compressors, you need a lot of space, and many hundreds of dollars to spend, before you're looking at anything that's even worth it's weight in shit.
Also, I don't believe snap-on makes their own air tools.
And beyond air tools, you might consider that there's multiple brands that are as good in quality as snap-on. Duralast, auto zone's house brand, has a lifetime guarantee for just about all tools, and well made forged tools - I've never been able to make one qualify for replacement.
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