Milwaukee Fastback Utility Knife 48221505

Bit holder can't hold a tip – It was fantastic handy knife until broken. As I am a cabinet maker , Philips driver is used very often. The only reason I bought this knife is driver function. Yesterday, driver bit holder tip loose and couldn't hold a bit. Been to local Sydney tools store and asked repair but rejected. I do not know what is the point of limited Lifetime Warranty covered. Do not buy this one. It is waste of money.