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Skil cordless drills are the lesser cousins of the well-regarded Bosch line. Owned by the same company, Skil and Bosch drills diverge in price and some would say quality, as well. In a comparative review of 12 cordless drill brands, J.D. Power and Associates ranks Skil alongside Black & Decker with a score of two out of five for overall satisfaction. Skil 12V 2240-01 reviews are OK, but not overly enthusiastic. Users posting reviews on Lowe's, for example, say it's helpful around the house. Reviews at Amazon echo that assessment, adding that there's ample power and it suffices as an entry-level drill. More than one user, however, insists there's not enough power to drive screws into a wall stud. Others gripe about needing several hours to recharge the NiCAD battery and about the absence of a back-up battery in the kit.
The Skil 12V 2240-01 (starting at $51, Amazon) features a 3/8" keyless chuck, 15 clutch positions, variable speed trigger, and maximum speed of 700 rpm. It comes with one double-ended bit, a carry bag, one 12V NiCAD battery and one charger. If you're concerned about running out of juice in the midst of a job and want the insurance of a second battery, a few extra dollars will buy you the Skill 12V 2240-02, which includes two batteries.
Although cheap enough, we're not sold on the Skil 2240-01 due to mediocre reviews and its older-technology NiCAD battery. Lithium-ion batteries are the big new thing in cordless drills and deliver superior performance at prices that still sit comfortably within the cheap range. You're better off looking in that direction.