I had always wanted a magnetic drill but felt they were too expensive. This one had good reviews and it came with a set of cutters, all for a good price. I have used it several times and it works great for my needs. A word of caution, the magnet on these has its strongest hold on thick metal and its weakest hold on 1/4 \" or less. So consider the magnetic hold of the drill before you buy depending on the material you will be working with. The annular cutters that came with it are metric, also, if you want to use the included chuck to make a pilot hole for the annular cutter or any hole say 1/2\" or 3/8\" you will need to purchase short drill bits as the drills max height using the chuck is to short for standard bits.