There will be a pristine Lamborghini LM002 hitting the block at RM Auctions next month. The fierce V12 Lamborghini SUV started at around $120k back in its day, which was equivalent to around a quarter million today. Now, even in near-perfect condition, this Rambo-Lambo will be lucky to net $120k in today’s dollars.
The Lamborghini SUV seems to be one of the most undervalued awesome vehicles on the planet. A new Raging Bull SUV, the Lamborghini Urus, could make its first stampede onto the market as early as 2016. That fact alone could increase the value of Lamborghini SUV predecessors, which remains to be seen at the sale. If the LM002 nets a substantial price, it could be a sign of things to come.
The Lamborghini LM002 at a glance:
- The big lady tips the scale at 6,780 pounds.
- Under the hood lurks a 5.2-liter Countach V12 engine mated to a 5-speed manual transmission.
- The Pirelli wheels are reinforced with Kevlar.
- Massive and thirsty 76.6-gallon tank.
Fun fact: It took other companies about three decades to catch up to the power and technology of the Lamborghini LM002. Now the name Land Rover has stolen the show and become synonymous with everything upscale that can be taken off-road.
The perks of purchasing a slice of history like the Lamborghini LM002 include appreciation potential, bragging rights, preserving it for the future, and the fact that it is simply badass. Potential snags of ownership are that parts and proper service are nearly impossible to locate–meaning it could not ideally be driven much if at all. Also, the appreciation value has certainly dropped, which is not to say that is a permanent condition.
Overall, the LM002 nearly spelled financial disaster for Lamborghini. The question is, will owning one do the same for individuals? Chime in with your thoughts!
Post by Imagine Lifestyles Luxury Rentals