Several friends have one (or more) and I own a same cost more modern version, UT136b, which is virtually identical and can say they are a fantastic deal. Extremely sensitive AC and DC voltage/current ranges, accurate 10mhz frequency counter, ergonomic auto power off (battery lasts 2+ years), and most important for me instantly responsive beeper. I'm convinced you can run over these with a truck and will last forever. Very compact too, actually does fit in a shirt pocket.
To be honest I use cheaper units most of the time because they are even smaller but mostly because I've got them scattered all over the place and one always in reach.