Cheap Multimeter Fact or Fiction

I have used meters for 30 years. On low voltage to high 480vac and 12,000DC. The cheap meters are decent for auto motive applications. That is what I keep in my car. 110vac and higher would stay clear of any Thing not catIII rated. Even the Chinese stuff may say CATIII it probably is not. If it is internally fused it is most likely legit.