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For sale my 1975 Euro Espada. When I went to look at it I found it was a Euro market car.  This meant it had the small chrome bumpers, no emission controls, and the dual alternator setup. It also had the euro side markers/turn signals and no ugly Federal corner lights. I much prefer the interior layout of this S3, but I admit that not having the earlier style Miura wheels is a drawback. The story I was told by the seller was that his dad bought the car new in Italy where he was living at the time. His dad relocated to Texas where it remained until 2001 when his son drove it to California.
Big bonus- 1975 model cars are exempt from emission testing in California.
It drove well and everything (except the A/C) worked.  It has the desirable power steering (not sure if that was on all S3 models). I did notice that it had a recent paint job that looked pretty good on the surface, but I suspected that the prep work was not very good. This proved to be correct as the paint has now cracked and bubbled in several places. It appears to be very original throughout and doesn't seem to have been "messed" with. I find no signs that it has ever really been worked on or modified(other than paint and front seats)  The front seats have obviously been recovered, and not that well done relative to the original quality (pattern is also not correct as seen on the rear seats which have not been redone). The windshield is also delaminating, showing small bubbles between the layers of glass. The rest of the glass is excellent. Some front carpet pieces up front are missing. The major flaw in the car is the frame on the drivers side where the lower control arm attaches. It is of square tubing and has severe rust on the lower horizontal side of the tube, making it unsafe to drive in my opinion. I have the front clip of an S2 (photo available) which is included in the sale, which has excellent frame components, that I believe are the same. It could also be repaired in situ. There are also several spots of improper jack placement with corresponding damage to the floor (on the driver's side only for some reason). The exhaust looks excellent with the exception of a rust repair on one of the mufflers. The throttle linkages including the carb butterfly shaft seals/bearings are very good.  It has the original locking gas caps and under hood heat pad material in very good condition.  The aluminum hood and the rest of the body is very straight and in excellent condition.  I cannot guarantee it, of course, but I can find no sign of body damage/repair. 

As I began to work on the engine I found cracks at the base of intake manifolds (which I found out was a relatively common problem) which of course was letting in unmetered air, causing a lean condition.  Now the list of "might as wells" began.  I removed the manifolds and had them repaired to a very high standard, then powder coated in an aluminum color.  I started accumulating parts as seen in pictures including, new plug wire set, 6 Weber DCOE rebuilt kits, gasket set, air filters, hydraulic reservoirs, Earl's stainless line and fittings for carb fuel lines, belts, filters, water thermostat, timing chains, rebuilt the water pump with new bearings and seals, windshield gasket, etc. I cleaned and powder coated many parts including the valve covers (one of which I sanded to reveal lettering- as seen in picture). I purchased new chrome acorn nuts and studs. I even made a copy of the factory tool for adjusting the timing chains. I also powder coated the grill elements and replaced the headlights with E-code H4 and H1 units. The rear tail light clusters are brand new (housings and lenses) as well as the white parking light lenses up front. Reproduction owners manual, original tech manual, and original parts list is included.  

Compression tests and leak down as follows, cylinders 1 thru 12 : 210/18%, 225/24%, 220/26%, 210/28%, 210/27%, 210/14%, 240/34%, 215/30%, 220/14%, 215/28%, 220/28%, 210/24%

In my opinion, this car would be a very worthy candidate for a complete restoration. It could however be reassembled and the frame repaired and enjoyed as is.  Although expensive, even if you are doing much of the work yourself, I think it could be done not "too" far out of the current money. I also believe that these models will being going up in value substantially. So after saying that, why am I selling? Well, mostly the usual reasons. I have a lack of funds and time to complete all of the projects I currently have. This car deserves a competent restoration, as I would be surprised if even half of the 1200 or so produced still exist.