Been there and done that. This last time around, it was something that I couldn't fix. I needed some way to test out the electronics. Turned out to be the motor controller. If I have known that, I could have saved the repair charge and about $100 on the cost of the part.
Oh, and thanks for your input on the drill press. I found a chuck that will fit mine and it closes to zero. Now I just have to figure out if it's worth the $50.