Spain Garage Find: 1976 Lamborghini Urraco P250

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These days, there really is no such thing as an “affordable” Ferrari or Lamborghini. It seems that increasingly, every new model is yet another range-topper. And while these cars have never been within reach of the every day enthusiast, it’s hard to imagine a scenario where a modern-day exotic is ever attainable, unless acquired as a wreck. This 1976 Lamborghini Urraco is a possible entry point into Italian sports car ownership with a price of €75,000, but it will require reconditioning. Find it here on Car & Classic in Zamora, Spain.

The 2+2 models have historically been slightly less sought-after than the classic coupe models, but that’s changing as of late. That’s not to say that even by 1970s and 1980s dollars that a Urraco could ever be considered “cheap” but it certainly was far more likely that you could buy one without having to be a millionaire several times over. With new models enjoying incredibly resilient pricing even as second-hand examples, it’s hard to imagine picking up a Ferrari Roma for a steep discount in ten years’ time.

The Urraco was a competitor to similar 2+2 models from Maserati and Ferrari, specifically the Merak and the Dino. I can still remember when the Dino was unloved and the Merak frequently appeared as a hacked-up wreck with its engine partially disassembled, no doubt acquired by someone who was quickly in over their heads. The Urraco seemingly appeared for sale far less frequently, giving it an air of exclusivity over similar 2+2s. This one has apparently been in Spain for many years and off the road for an extended period of time; its interior condition still looks better than fair.

The seller provides little information in regards to any sort of preliminary evaluation being performed, or even a clue as to whether the engine still turns. The Urraco is powered by a 2.5L V8 producing 220 horsepower. As a European market example, it seems likely that this Urraco isn’t impacted by U.S. emissions regulations, which did result in domestic market examples being slightly de-tuned as a result. This is a big-ticket purchase for a project, but as alluded to above, they aren’t getting any cheaper.

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  1. Howie

    Yes very cool, but a bit rough. Those photos are not the best to help sell this exotic. And yes in Spain.

    Like 1
  2. Tracy

    I know these are considered a poor man’s lambo but The like them.

    Like 1
  3. Greg Reschke

    Wheeler Dealers did a episode on one.

    Like 0
  4. Greg Moore

    Meh. A very beautiful turn key driver (with working A/C) sold on BAT last month for $80k.

    Like 1
  5. Martin Horrocks

    Greg and Howie both have a point! I’ve lived in Madrid for 20 years and don’t see many well-presented and competitively priced offers for classic vehicles.

    Even before it was laid up, wonder who did the servicing on this? Zamora is a nice historic town, but far from any exotic car workshops.

    Like 1
  6. douglas hunt

    they talk about exotics and the stories that go with them…..wonder what/how/when this one ended up stashed and unloved ……..

    Like 0

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