Honestly the Discovery 2 is a pretty awesome vehicle, which I feel hasn't aged a badly as many other 90s 4x4s.
My Discovery 3 have been pretty reliable considering the state I bought it in and the age/KMs (2006/360,000kms).
The issue with the D3 is there are more things to go wrong, the parts are expensive, and most people have no clue how to work on them.
The D2 is basically a D1 with a few more electronics and less rust.
The air suspension is the only major thing to give headaches but you can always downgrade to coils in the rear.
When compared to spending $30k plus for a 100 series LC I'd take a D3 any day of the week.
IMO the D3/D4 is the most practical SUV on the market with a few "quirks" that you need to live with.
For the money I paid (and have spent) I'm not sure what else I'd rather have for even close to the same price.
There's a nice V8 D3 on TM now, $13k with most of the major things to break having already been done.
Only thing left really is the suspension bushes which will wear out eventually and can get pricey to fix.
I think the Discos are the best value in the LR line up, Defenders are stupid expensive and even more agricultural than a 70 series LC.
The P38 RR doesn't have a great reputation for reliability, the classic are expensive and/or rusted out, the L322 and new are expensive to fix like the D3 and not as practical.
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