Originally Posted by Jack Wells
A 12 in. drill press (6 in. from column to chuck center line) should do all you need to do building guitars. I'd take a look at the Ryobi 12 in. bench top drill press. Last time I looked at Home Depot, they were selling for $179.
Most around me have stopped carrying this drill press. I found one on clearance in December for $109 so be sure to check all of the local HD's.
I've also been happy with my Ryobi 13" planer, another product they've stopped carrying at my local store.