Have owned a Defender 110, always wanted a Land Rover since I was at school. Had a Defender for a couple of years and personally would not have another, maybe a Series 1 or 2 as a hobby, but not a Defender. Some people like them, but have a think about the following.
If you like doing mechanical work, have a space to store it while in bits and don't take it to very remote places real Land Rovers can be a good hobby, but don't use it as your only 4WD. They have a very bad body roll, the worst windscreen wipers, lots of dust and water leaks, uncomfortable seats , issues with their transfer case, ANCAP ?stars and despite spending money upgrading suspension they still roll over. The 110 was notorious in the Australian army for rollovers.
They use of leather gaskets on the rear diff in this century is a bit sad as well as a handbrake on the drive shaft which crushes this gasket when applied and makes a new oil leak, that can only be fixed by replacing the gasket, some very strange engineering.The series 1 and series 2 Land Rovers are slow, tough, simple and old fashioned, but if you are going to spend money buy a rust free (chassis does rust) series 1 or 2 and keep it as a hobby, they can be real fun and are not as complex and unreliable as the Defenders.
If you want a hobby or paddock basher traditional boxy Land Rovers can be OK, but they are not a reliable and safe 4wd.
The Disco's are completely different and I have no experience with them or will comment on them, they may be good they may be bad, but they are not a traditional boxy Land Rover.
The real reason Defenders do not have an ANCAP rating.
http://www.aulro.com/afvb/90-110-13...-reason-defenders-dont-have-ancap-rating.html