I bought a Snap-On MTG2500. The MT2500 is more common, and less expensive on eBay. Mind you, this tool was ancient when I bought it in 2004-ish. I keep telling myself I should upgrade to something newer, but I don't actually do it. My software cartridges work from '80 1/2 to 2006 for domestic vehicles.
If I were buying a tool tomorrow, I'd be looking at buying something used in the the Snap-On "Solus" family--Solus, Solus Pro, Solus Ultra, Solus Edge. They may have another newer one now--I've kinda lost track. There's hundreds, maybe thousands of Solus scan tools and accessories on eBay.
In addition to the tool, you want to have software installed on it new enough for any vehicle you plan to use it on. The newest vehicle I own is a 2003; so software that goes to '06 works fine for me...so far.
You'd also need adapter cables to suit whatever you plan to work on. There's the very-common "OBD II" connector, plus a large number of adapter "keys"; but the older, "OBD I" stuff has a different connector for each brand of car, and some brands have more than one. GM alone has three OBD I connectors, but only two are popular.
The OTC Genysis and Pegysis tools are competitive with Snappy; the GM dealerships use Tech 2 tools which are enormously expensive and hard-to-find, so naturally the Communists are counterfeiting them by the thousands and selling online. I've used the prehistoric OTC Monitor 2000 and Monitor 4000, but the Snap-On '2500 series made those obsolete in the 1980s.
There's also computer-software "scan tools" you could load onto a laptop, and then buy the vehicle harness adapter separately.
There's low-budget "consumer-grade" tools available online or from local parts stores. Many of them are crappy "code readers", not actual scan tools. And some of the ones that do give you access to the data stream, only talk to the engine computer, but not ABS, transmission, air bags, instrument cluster, etc. the way a professional-grade tool would. When it was my money, I bought an older, used "professional-grade" tool, rather than a brand-new "consumer-grade" tool.