Results from the 1998 Buenos Aires Grand Prix held at Buenos Aires on November 8, 1998, in the Autódromo Oscar Alfredo Gálvez.
| Pos | Driver | Constructor | Laps | Time/Retired |
|---|---|---|---|---|
| 1 | Martín Basso | Dallara-Mitsubishi | 30 | 35:44.55 |
| 2 | Gabriel Furlan | Dallara-Mitsubishi | 30 | 35:45.37 |
| 3 | Eduardo Pamplona | Dallara-Opel | 30 | 35:45.87 |
| 4 | Jaime Melo | Dallara-Mugen | 35:46.81 | |
| 5 | Tom Stefani | Dallara-Mugen | 35:59.17 | |
| 6 | Leonardo Nienkotter | Dallara-Opel | 36:02.86 | |
| 7 | Rodrigo Sperafico | Dallara-Mugen | 36:03.29 | |
| 8 | Ricardo Sperafico | Dallara-Mugen | 36:08.57 | |
| 9 | Luiz Fernando | Dallara-Mugen | 36:26.15 | |
| 10 | Daniel Belli | Dallara-Opel | 36:30.62 |