Cheap being the key word. Harbor Freight’s currently got the Drill Master 18V, 3/8″ Cordless Drill on sale for $15.
Stacking this low budget find up against a solid performer of the same (read: inexpensive) class, namely the Black and Decker Firestorm 18v cordless, you can start to see the difference. The Drill Master’s 0-500rpm is completely eclipsed by the Firestorms 0-1400 rpm. The same story goes for the clutch with the Drill Master having 15 positions to the Firestorm’s 32.
Sure, the Drill Master isn’t the greatest drill on the market. But if you need a very inexpensive, no-frills cordless drill, here it is. For $15. Really.