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Autotrader Find: 1988 Lamborghini LM002

Here’s something you probably haven’t seen before — at least not in real life. This is a 1988 Lamborghini LM002 SUV, affectionately known as the “Rambo Lambo” for its crazy, muscular, brutish design — and it’s now listed for sale on Autotrader.

Offered by Cats Exotics, a well-known dealership in the Seattle area famous for its Lamborghini inventory, this LM002 looks shockingly well-preserved. It’s traveled just under 34,000 miles, and it’s finished in white with a black leather interior. Like all LM002 models, it uses a Lamborghini V12, a manual transmission, and it boasts 4-wheel drive. This LM002 also boasts new tires — a big plus considering their massive expense — along with a massive recent engine repair that cost a whopping $45,000.

According to the Carfax report, this LM002 was originally registered in northern New Jersey, near New York City, in the early 1990s. At some point, it moved to Florida, where it lived in Key West in the 1990s. There is then a big gap in the Carfax report until 2015, when it was moved to Kentucky — and now it’s offered by Cats Exotics.

The LM002 is certainly an unusual vehicle, and it takes a certain lover of weird cars to appreciate it — and increasingly a lover of weird cars with lots of money, as this particular LM002 is listed for $475,000. That price would’ve been unthinkable ten years ago, as the LM002 was trending towards $100,000 or less, but these are rapidly becoming collectible — and given this one’s recent service history, it might be one of the nicest LM002 models around.

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  1. I’ve always wondered why someone didn’t make this into a kitcar. Except for the flat windows (and windshield) that should be easy to reproduce. 

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Doug Demuro
Doug DeMuro writes articles and makes videos, mainly about cars. Doug was born in Denver, Colorado, and received an economics degree from Emory University in Atlanta. After graduation, Doug spent three years working for Porsche Cars North America. Eventually, he quit his job to become a writer, largely because it meant that he no longer had to wear pants. Doug’s work has been featured in a... Read More about Doug Demuro

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