Ive had this for about a year now and its just great. Built much better than any other brand Ive seen. It keeps you from having to lug around another drill for most tasks like drilling, counter sinking, and driving screws in tight places like cabinets and drawers.
To clear up any confusion, the bit holder IS BOTH magnetic and locking. Just pull forward on the brass colored collar (see picture) and insert the bit. If you do2&n8#17;t, the bit wont fully seat and will fall out.