Quote Fueler: "When your drill bits do wear out get yourself a "Drill Doctor $80.00". Not cheap but a lot cheaper in the long run than buying new drill bits:
Man do i know! i have like 3 pounds of worn out bits in a plastic container, i keep them saying to myself, i have to buy that drill doctor one day,
That'll be for sure the next thing on the list

Edit : It did had the lazer sight. i had to dismantle it and bring it back to get the one i saw. It was my fault , i didn't check on the box the first time
the new one i brough back is looking pretty much the same but with this nifty gadget,(and you all know how i love useless gadgetery

)
And in the mean time for the vise thing, i have good welding clamps that will do for now