If you are looking for a basic meter that will do 99% of your daily tasks, including automotive work, then this is the meter for you. It includes measurement of current, voltage, frequency and more and even has features like autoranging, ICat III 600V rating and backlight. It's very durable and well built, although it's not as rugged as the more expensive Fluke tools, it makes up for it with its convenient pocket size. The supplied test leads are also of excellent quality. If you don't need frequency sensing and backlighting you can also save a few bucks and get a 106 but I think this along with the 101 which doesn't include current sensing is the best bang for your buck. .
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