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£10,017

1974 Lola T342 Formula Ford Project

United States • 18 Mar 2025

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Vehicle Details

AI Listing Summary

This is a 1974 Lola T342 Formula Ford project car, sold at no reserve. It features a 1.6-liter Ford Kent engine, Hewland four-speed transaxle, and Lockheed disc brakes, but requires refurbishment. The car comes with many spare parts, but is offered for off-road use only.

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Condition 

3

The car is listed as a 'project' with refurbishment started but suspended, indicating it's not in running condition and requires completion. The listing mentions removed and spare parts, suspension components installed loosely, and a recommendation to replace the springs, suggesting the car is not in excellent or even good condition. There are mechanical and cosmetic needs.

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Transmission:

Manual

Chassis No:

[Chassis No]

Odometer:

[Odometer Reading]

Reg Number:

[Reg Number]

RHD/LHD:

[RHD/LHD]

1.6-Liter Ford Kent Inline-Four Weber Carburetor Four-Speed Manual Transaxle Red Fiberglass Body Panels Clear Windscreen Fiberglass Seat Shell w/Safety Harness Roll Hoop Rack-and-Pinion Steering Lockheed Four-Wheel Disc Brakes 13" ATS Wheels Front Unequal Length Control Arms Rear Top Link w/Lower Control Arms & Trailing Rods Adjustable Coilovers Exhaust Header w/4-Into-1 Collector/Tail Pipe
This 1974 Lola T342 is said to have been raced on the East Coast during the mid- to late 1970s, relocated to California circa 1982, and last tracked at Sears Point in 1994.

The seller bought it in 1998 and started a refurbishment.

Work completed before the project was suspended included overhauling the Hewland four-speed manual transaxle, replacing the half shafts and bearings, and rebuilding both upright assemblies with replacement stub axles and bearings.

The car is equipped with an uprated 1.6-liter Ford Kent inline-four, Lockheed four-wheel disc brakes, 13″ ATS wheels, adjustable suspension, ...

Points of note

£10,017

Lowest Price (Since 2020)

£13,400

Median Price (Since 2020)

£20,029

Highest Price (Since 2020)

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World Record

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Rare Sale

This vehicle comes to market rarely. In auction records we've only seen 6 sold before

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Previous Sales

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