The $200 budget is actually enough to get yourself a professional tool as a DIY mechanic. I tested several of them for this review and came up with a few options I believe are best.
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Quick recommendations

xTool A30M

Mucar CS6

Thinkdiag2

OBDLink MX+

XTool D5S
My insights after testing 100+ OBD2 tools

I’ve tested literally hundreds of OBD2 scanners, so let me tell you why I find these the best value for money.
There are 3 types of OBD-II scanners you can consider to get in this price range if you need a tool that will pretty much cover all vehicles.
XTool A30M is best without a subscription

Some kind of yearly fee is standard in professional car diagnostic tools and the newest software update will pay for itself in busy car shops.
But for DIY mechanics, a yearly subscription is really annoying so I will start with a no-subscription tool.
xTool A30 is not only without a subscription, you also get all the newest updates for free for a lifetime.
It is bi-directional and has solid vehicle coverage and service procedures.
But what I liked the most about it, is it is very simple to use. It is not trying to be the most advanced, but it is simple to use with solid functionality it has.