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Not to hijack this into a tool thread. But mine is the Central Machinery from Harbor Freight. It's on sale for $70 and it's pretty easy to get a coupon for a percentage off prior to buying. Your bench project sounds like a great excuse to buy a new tool. I'm sure there are better quality drill ...

I have one you can use in Alvin if that's close to you. It's the Cheap Harbor Freight one, but its worked fine for me.