The Lola T298, produced between 1978 and 1981, is a notable model in Lola Cars' series of two-liter Group 6 sports prototypes. Building upon the success of its predecessors, the T290 series, the T298 featured an aluminum monocoque chassis with a separate rear subframe, allowing for flexibility in engine configurations. Commonly, it was equipped with four-cylinder engines from manufacturers like Ford Cosworth and BMW, with the BMW M12 engine being a popular choice.

Aerodynamic improvements were a key focus in the T298's design. The car showcased extended front and rear bodywork, enhancing aerodynamic efficiency and stability at high speeds. These refinements contributed to its competitive performance in various racing events. Notably, the T298 secured a class victory in the 1981 24 Hours of Le Mans and achieved multiple championships in the French Group 6 series during the early 1980s.

With a production run of approximately 17 units, the Lola T298 remains a significant model in the history of sports prototype racing, celebrated for its engineering excellence and racing achievements.