This is a floor model, supposedly 3/4 HP motor.
Reading through the old threads on here I now see that I have to become MacGyver if I want to slow it down enough to drill metal, which is of course what a car guy would want to drill!

Unless you get lucky like me and find one of the Craftsman variable speed motors, 500 to 5000 RPM and reverse as well. I have two, one came with my cherry 150 bench top which got changed to a floor model using a base and pole from a junky 150 plus I have a second slotted worktable fitted onto it from a 1970's drill press. Can slow it down to about 187 spindle RPM. Only down side is if you run it a long time it will pop the motors breaker and you have to let it cool down. The second motor is going on my bench top earlier press.
Well, do you need a low speed to drill holes in metal, as might be required by an all-thumbs weekend car hack such as myself?

There are a couple/few guys on here who have done some homemade stuff to slow their 150s down. That's the route I'd need to go, I guess.
For $60, I don't think I can pass up the press even if it needs modifications.

Per this instruction manual for a Craftsman 150 drill press, with a 1750rpm motor you should be able to run the drill press down to 610rpm. http://vintagemachinery.org/pubs/222/2785.pdf
Where are those pics Bull . . ??
No doubt it's a score for $60 . . .but no YS award without pics.![]()