Drillbit doesn't loosen - Black & Decker Drills

OMG!!! "It" doesn't Loosen?! Does it Listen? LOL. OK enough! I have had these BD drills before, and sorry they are JUNK! You would REALLY be better off by purchasing a Craftsman Nextec 12 volt drill. It is Lightweight, smaller for small hands, has a flash light built in! AND in a set comes with Cool Flashlight that stands up. It comes in a bag with a charger for $50! BD has NOTHING like this! OK I have HILTI drill ($300)! I never use it cause I use the heck out this great little Craftsman drill.
OK solution to your drill bit problem...EASY. Go and buy some WD-40 in the blue-yellow can ($4-5). Spray (ALOT!) around and under where the bit is and where the cap that spins is. Do Not spray into any vents! It May catch Fire. Let it soak x 15 min. Spray a little again. Then Grab a terri cloth towel wrap it around the cap that spins and the bit and reverse the motor to loosen the drive. Be sure to have the drill on Max setting (the drill bit icon). It WILL come off.

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