I bought a 'vanilla' SE 05 LR3 with 146K mi last year. It had the list of options I wanted minus the HD ( V8 4.4, Tonga green, beige interior, 2 row, cold weather package). SE trim omits the info screen leaving a very useful storage shelf. Seller didn't have too many records, so had my own list of inspections and ran a function check. It's a midwest car, so lots of corrosion I plan to tackle this summer. Otherwise I'm finding that time has taken it's toll on the plastic and rubber parts (think bushes, boots, interior). Buying under $5K means I priotize and 'reset' different systems, and build up as I feel necessary over time- even added android auto.
If I had to do it again, I think I'd buy a southern or southwest car to avoid the rust. All else the same. I would budget now for the gapiid tool. These platforms will trigger a warning lamp to indicate the circuit to trigger the warning lamp threw a fault.
LR3 vs LR4- I like the interior of the LR3 more, has more that boxy utilitarian vibe. I also intentionally chose the 4.4 V8 as it appears to possibly be the most reliable modern LR powerplant. I guess the 5.0 is basically a bored out version the same block causing a new set of problems. As a built up rig I could see where the extra HP in the 4 would be nice on the highway at low rpm, especially if running larger tires. Offroad I barely need to use the low gear, so plenty of power at low speed.
Just my thoughts. So far I've added 13K mi and been across the US a few times. Love the platform. Good luck.
*service records are good keep asking for them- I took a risk, but was looking for a project during covid and operated under the assumption all things were old- diff fluids really really were- maybe I got lucky*