Compared with standard triple-jaw chucks with soft jaws, standard collets tend to be inexpensive and more accurate for gripping in the small-to-medium range. Conversely, three-jaw chucks are usually ineffective and cumbersome when used to grip items this small.

Collets are used to hold a tool in a central position as it rotates. As the tool is inserted into the collet, the device expands and provides uniform pressure that holds the tool in place. However, if the collet stretches too far, it cannot secure the instrument properly and may lose shape.