That is kind of my thinking as well. I am extremely partial to the honda/toyota line as I have taken an Integra to 275,000 miles after doing unconscionable things to the engine (i.e. 15,000 mile oil changes, temp red-line many times, ran without the better portion of the radiator for 10,000, etc.). My dad has a toyota truck going on 200,000 with virtually no maintenance as well.
Despite this, I just can't seem to justify the "huge" price premium for H/A or T/L in older cars. If I were buying a car that was 0-2 years old, it would make sense because despite the 10-20% premium, total cost of ownership is lower since the comparable american car will depreciate like crazy. After the major depreciation on a Saturn though...it becomes a much more difficult decision.
The thing that really boggles my mind though is that people are still paying 10-12,000 for 90-91 Lexus cars with 150,000 plus miles. I mean, it was a great car in it's day, and I am sure it is still a reasonable car...but it is 13-15 years old now!
Anywho...I'll appreciate hearing more opinions on the debate though.