Jim, its hard to answer your question because it matters where you are as far as quality of the end result and your budget. I have used Eastwood products but have always found them to be introductory in nature. The equipment you purchase from them guarantees if you decide that you really like this craft, you WILL be purchasing a better solution in the near future.
I had a best of the best Hypertherm 85 plasma cutter a year ago, and got rid of it because it just wasnt needed for a very small restoration shop. There is very little need for a plasma in automotive resto work. Thin cutoff wheels, body saws, etc can do the same job unless you are into this more heavily than I am.
What IS needed badly is a good wire feed, gas MIG welder. I use it almost every day for restoration work, but also for shop jigs, tables, carts, etc etc. Miller makes a really nice one that uses both 220 and 110v power. 80/20 argon mix gas is a must. Its very attractive to purchase a low cost unit that does them both, but usually, and I think in this case, you get what you pay for. Hope this helps!