DeWalt DW2045 Professional 3-Inch Magnetic Bit Tip Holder

This holder is supposed to be very tight and use only small drywall screwgun bits that you need pliers to remove sometimes, but it is what it is designed for. Nothing more frustrating than a weak magnetic holder that has the bit coming out all the time especially on a large drywall job. Excellent on impact drivers too but it is not for tool free bit changes. You need to understand what you are buying.

It was great when I first got it. I had lost the magnetic bit holder that came with the B&D set I had. Fortunately, I found it again. Because this holder trapped a bit and would not release it. I could not get it out. Period. The metal tab along the top inside edge of the holder trapped several bits but I had always managed to get them out. Not this time. I put it in a bench vice and used every handtool known to man and it would not budge. Pass on it. Find another one. B&D even. There are no tabs to trap bits in theirs (truly magnetic and not compression).

It's a simple tool and it works but it holds the bit too tightly. It's a struggle to get the bit back out.