You’re not going to buy a top-notch Td5 Defender for £5000, but you may find a few reasonable examples if you search hard enough. It also helps if you’re prepared to travel. A Td5 that would cost you in £6500 in the Home Counties might have a price tag of sub-£5k in a more remote corner of the country. Again, hard tops and truck cabs come cheaper than station wagons.
But if you do find a good one, you’re in for a treat. The Td5 was the last diesel engine designed and built by Land Rover and it is arguably the best, with 122 bhp and 221 lb-ft. It’s also ultra-reliable if properly serviced, so ask to see what paperwork is available. A full service is unlikely on a car built between 1998 and 2007, but every little helps.
The same areas of the body are liable to corrosion, but the good news is that parts (especially aftermarket ones) for all Defenders are cheap and plentiful.
TIP: Just like Tdi models, there is a surplus of serviceable Td5 engines from scrapped rusty Discovery 2s.
Td5 Defenders don't come cheap but hold their values