For the price it was perfect and we still use it in the shop on a daily basis. That being said there are a few changes I would make. After a little use there was a lot of lateral movement and the annular cutter would "walk" from left to right about an 1/8th of an inch. Knowing that its not hard to compensate but its quite a bit of play. The magnets do get pretty hot but even after hours of use there was no failure. It would be handy to have something to turn or a catch to hold the chuck at the top of its travel so you can change the parts that your drilling or even just to change the bit you are using. Again its a very useful tool and for the price you can not beat it! I must also say that I hope you don't have any issues because Vevor's customer service does not work as well as this Mag Drill!!