The LR4 will be a luxury upgrade from your current rig, and the Disco is more of an old-school off roader, but you know this having owned one. Which way I'd go depends on your priorities. If you just need something to drive around town in and use as a daily driver, I'd go for the LR4. It's going to be comfier, better to drive, faster, and probably get better fuel economy. The Disco 2 is a rough, old school, slow, thirsty, unreliable machine, and unless you either love the charm or need serious off road capability, I'd upgrade to the LR4. This is coming from a D2 owner. Yours back in the day might not have been too unreliable, but you will be spending lots of money to keep a now 18 year old Disco 2 on the road. I have over $7k into my '03 in the last 2 and a half years, not including the cost of the truck itself, and that's just parts - I do all my own labor. I'd personally steer away from a Disco 2 unless you really like that old school feel and don't mind spending the money to keep it running. I love mine, as I enjoy the charm and use it off-road frequently, but it's been a reliability nightmare. Apparently the 5.0L in the LR4, while not perfectly reliable, is a powerful, good engine, and far more modern than the ancient, unreliable, underpowered lump that powers the D2.