Best Drill Press Under $500 – Buying Guide

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If you’re in the market for a drill press, you may be wondering if it’s worth investing in a model that costs more than $500.

In this blog post, we’ll take a look at some of the best drill presses under $500 and highlight their key features. We’ll also provide some tips on how to choose the right drill press for your needs.

So whether you’re a beginner or an experienced drill machine operator, read on for insights that will help you make the best purchase decision possible.

The Top 5

Best Drill Press Under $500 List

Best Drill Press Under $500

1- WEN Variable Speed Drill Press

Our Rating

4.6/5

Best Drill Press Under $500

2- Shop Fox 13-Inch Bench-Top Drill Press

Our Rating

4.6/5

Best Drill Press Under $500

3- Klutch Benchtop Drill Press - 5-Speed, 10in

Our Rating

4.6/5

Best Drill Press Under $500

4- JET 12-Inch Benchtop Drill Press

Our Rating

4.6/5

Best Drill Press Under $500

5- RIKON 13-Inch Drill Press

Our Rating

4.6/5

1- WEN Variable Speed Drill Press

Best Drill Press Under $500

The WEN Drill Press is an awesome device that offers the user a wide range of options in terms of speed and style. You are able to change speeds up to 3200 RPM with no belt changes which is quite useful if you are working on a variety of materials.

Pros:

  • Variable speed (up to 3200 RPM)
  • Smooth and balanced performance at high speeds
  • Durable 2/3hp induction motor

Cons:

  • Chuck key storage is difficult to access
  • Table bevels only 45 degrees left and right

Bottom line:

The WEN Drill Press is a great option for those looking for a powerful drill that offers a variety of speeds. The variable speed feature is especially useful, and the drill press is durable and easy to use. That being said, there are a few drawbacks, such as the difficult-to-access chuck key storage and the limited table bevels. Overall, the WEN Drill Press is a great option for those looking for an affordable and powerful drill press.

2- Shop Fox 13-Inch Bench-Top Drill Press

Best Drill Press Under $500

The Shop Fox Drill Press is a 3/4 horsepower, 110-volt machine with 3 speed ranges for drilling holes into wood or metal. It comes equipped with a 5/8-inch keyed chuck that can handle drill bits up to 1/2 inch in size.

Features:

  • 3/4 HP, 110V, 1.725 RPM
  • 5/8 inch Keyed Chuck that can handle drill bits up to 1/2 inch in size
  • A drill chuck is 5/8 inch

Pros:

  • This drill press is very affordable.
  • It has a sturdy build that can handle heavy-duty use.
  • It comes with a 3-piece spindle sander drum kit.
  • It has a variety of speed settings to choose from.
  • It’s easy to assemble.

Cons:

  • The chuck wobbles when drilling at high speeds.
  • The table doesn’t tilt or rotate.

Bottom line:

So overall, the Shop Fox Drill Press is a good choice for those looking for an affordable, basic drill press. It has some good features and it’s easy to assemble. However, it does have a few drawbacks, such as the wobbling chuck and the stationary table.

3- Klutch Benchtop Drill Press - 5-Speed, 10in

Best Drill Press Under $500

The Klutch Benchtop Drill Press is a heavy-duty unit featuring 5 speeds for versatility. The drill press is a machine that has power and accuracy. This machine helps you make accurate holes in metal, plastic, or other materials.

Features:

  • The Klutch Benchtop Drill Press is a heavy-duty unit featuring 5 speeds for versatility.
  • The drill press is a tool that is powerful and accurate. It can have exceptional results.

Pros:

  • The Klutch Benchtop Drill Press is a heavy-duty unit with 5 speeds for versatility.
  • It also combines power with precision and accuracy with its advanced features for exceptional results every time.
  • The drill press is easy to use, likely to last for a long time, has a powerful 1/2 HP motor, and offers working space of 19 1/4in.L x 9 1/2in.W x 26 3/4in.H overall size.

Cons:

  • There is no stand for this drill press so it cannot be operated on the floor or table which restricts its mobility

Bottom line:

Overall, the Klutch Benchtop Drill Press is an excellent machine that offers great features for the price.

It’s perfect for anyone who wants a durable, precision drill press that will last for years to come.

 

4- JET 12-Inch Benchtop Drill Press

Best Drill Press Under $500

The JET Benchtop Drill Press is a great choice for anyone who needs a drill on a budget. It features a 1/2 horsepower induction motor and an X-shaped XACTA laser for better accuracy.

The drill has over 3-1/8 inches of spindle travel and a depth stop for maximum versatility.

Features:

  • Affordable
  • Easy to use
  • Compact design

The JET 12-Inch Variable-Speed Drill Press is a powerful tool that is perfect for any job.

Here are some of the pros:

  • Powerful 1/2 horsepower induction motor
  • X-shaped XACTA laser for better accuracy
  • Over 3-1/8 inches of spindle travel
  • Depth stop for maximum versatility

Here are the cons:

  • The drill press is not as portable as some of the other models on the market
  • The LED work light is not very bright

Bottom line:

In conclusion, the JET 12-Inch Variable-Speed Drill Press is a great tool for any job. It features a powerful 1/2 horsepower induction motor and over 3-1/8 inches of spindle travel with a depth stop to ensure that you get perfect grilling every time.

It has an affordable price, easy-to-use features, compact design, and it’s powerful enough to tackle the big jobs.

There are some cons; it’s not as portable as some models on the market and the LED work light isn’t very bright.

The drill press is still worth considering if you’re unable to find something that suits your specific needs.

5- RIKON 13-Inch Drill Press

Best Drill Press Under $500

The RIKON Drill Press has a sturdily built, yet affordable drill press for use at home or in most professional work environments.

The 30-120 13-inch is heavy duty with a powerful 1/2HP motor. Ideal for small or medium-sized projects, this drill press is capable of handling both wood and metal.

Equipped with a rack and pinion height adjustment system, the drill press table is easy to set at the perfect depth.

Features:

The RIKON Drill Press is a powerful tool that has a lot to offer the user.

Some of its key features include:

  • Sturdy build made with solid steel and cast iron construction
  • 16 spindle speeds for a variety of projects
  • Easy height adjustment with rack and pinion table height
  • Clutch depth stop for consistent drilling depth

Drawbacks:

While the RIKON Drill Press is a powerful tool!

There Are a Few Drawbacks.

Some of the cons to consider include:

  • Only 1/2 HP motor which may not be as powerful as some users need
  • No laser guide which may make it difficult to drill in tight spaces

Bottom line:

All in all, the RIKON Drill Press is a powerful tool that is perfect for the home or professional user. It’s solidly built and has a variety of features that make it easy to use.

With 16 spindle speeds and a clutch depth stop, this drill press can handle a variety of projects.

If you’re looking for an affordable drill press that is built to last, the RIKON 30-120 13-inch Drill Press is a great option.

Buying Guide

There are lots of factors to consider when buying a drill press. Here are some of the most important factors:

Dimensions and weight:

The dimensions and weight of your drill press will determine where you can use it. If you can’t fit the machine in your work space, you won’t be able to use it. Make sure you have enough room for your drill press before buying.

Height adjustment:

Different types of projects require different height settings. It’s important to find a drill press that allows for easy height adjustment so you can get the most out of it.

Power:

The power of your drill press is an important consideration. If you’re looking for a powerful drill press, you’ll probably need to spend more money.

Chuck size:

Smaller projects may require a smaller chuck size while larger projects may require a large one. Make sure you check the chuck size before buying to ensure that the drill press you choose is suitable for your projects.

Depth stop:

A depth stop can help you with projects that require a consistent depth.

Spindle travel:

Some drill presses have more spindle travel than others. The more spindle travel your drill press has, the more accurate and efficient it will be.

Chuck:

The chuck is one of the most important components of a drill press. You should check that it’s made from high-quality materials and that it locks into place securely.

Mounting:

If your drill press is designed to be mounted, make sure it has mounting holes that are compatible with your workbench.

Price:

Ultimately, the price of your drill press will determine how much you’re willing to spend. If you need a high-quality drill press for professional use, you may need to spend a lot more than someone who just needs it for personal or home use.

FAQs

Some of the best brands of drill presses include RIKON, Dewalt, wen, and Shop fox.

How much you spend on a drill press will depend on the features you need. If you're looking for a high-quality machine that is suitable for professional use, you'll need to spend more than someone who just needs it for personal or home use.

You'll need a cord (and outlet) that is compatible with your machine. The plug and voltage will vary depending on the make and model of your drill press.

Porter Cable is a brand that is known for making quality power tools. So, are Porter Cable drill presses worth the money?

In general, yes, Porter Cable drill presses are worth the money. They're made with high-quality materials and have a variety of features that make them easy to use. If you're looking for a powerful drill press that is built to last, a Porter Cable drill press is a great option.

I recently saw a few models that were priced below $50. I'm not sure if these are any good, but I think it's worth considering them as they're more affordable.

Conclusion

So, what should you do? If you’re in the market for a drill press and have less than $500 to spend, check out our list of models that are priced below $50.

These lower-priced models may be just as good as more expensive ones. You can’t go wrong with products from Wen or Jet Drill Presses!

I Hope the Best Drill Press Under $500 Guide Will Serve as A Quick Reference. if You Like This Article Hit the Newsletter/subscribe Button to See Our New Posts About Tools and Share It with Your Friends, Also Gives Back Your Feedback if You Like or Dislike Anything in The Comments Section. 
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