Wheel stud swedge cutting tool

There is a way to do this with a hand drill. You'll need a piece of 2X8, a hole saw the size of the center register, and a large C clamp. The wheel is the template used to create a wooden pilot.
The wood absorbs a lot of the cutting oil req'd ( especially when a common hole saw that has a tooth designed for cutting wood is used to cut metal ). I haven't away had a drill press and never have all the best tools. I always geter done one way or another.