I like my drill presses. I have a few, more than a few. I like older ones that are made nice. I didn't need another, but I saw this cute little one on Craig's list. It was more than I would normally spend. It was so interesting I couldn't pass it up. So I took it home, gave $100.00 for it. Probably more than it is worth. It looks like it was hardly used. The power cord is the original fabric wrapped cord in really good condition. The belt is round leather. Once I heard it run I had to take it home. Looks like something is missing from one small threaded hole in the knob to lower the quill. Could use a cleanup, but really nice.