As a bonus, it's much slower, which leads to fewer fuckups at the ends of projects. They are really only good up to about 1/4" holes though. If you get one with multiple speeds, you can go to 3/8", but you're really much better off with a brace and some auger bits at that point. Auger bits are conveniently sized by the 1/16" down to 1/4" in the US, and have been for over a century.
In all seriousness though, an eggbeater drill will last forever. Mine are probably 70 years old or older. Ditto my brace. Good luck finding batteries for any electric cordless drill in 20 years, never mind a cheap one.