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A 1/4" drive ratchet/socket set is good for smaller size bolts/nuts in tight places. Also depending on the year/make of your car and how much work you actually plan on doing yourself a good set of torx screwdrivers and torx sockets can come in handy. If you're going to get into any heavy work you'll probably want to invest in a 1/2" drive rachet/socket set and an air or electric impact and impact sockets.
My jack stands are also the ratchet type and one of my floor jacks is either a 2 or 2 1/4 ton cheapo, I've been using it for probably over 10 years without any issues, but I just use it for my own use and not on a daily shop basis. I just bought another floor jack a few months ago because it has the capacity to lift the car an additional 3-4" but so far I haven't used it. As some of the others have said Craftsman makes a good tool with lifetime warranty on their hand tools, but I have also bought some of the higher end tools from Harbor Freight and had good luck with them. Harbor Freight also has lifetime warranty on most of their hand tools, but if you buy them there DON'T go with their cheapo's. I also have an electric impact that I bought at Harbor Freight years ago and it's still as good as the day I bought it. As for a digital multi meter you can pick them up at Harbor Freight really cheap and will be good for most applications. The only time I buy and use really cheap tools is to take to a junk yard and use in case I lay them down and forget them.
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