No, but that is probably *not* where it's coming from.
Yes, lots. The most common one is the valve covor gasket andthat is
even easier than the oil pan. Best bet is to clean it up the best you
can and then see if you can locate the oil leak. At the very least put
a big piece of cardboard under the car and see if you can tell where the
leak is by following the drip back up. Don't forget though that the
point from which it drips off is not always (or even usually) directly
underneath the point from where it leaked.
On the V8 engines there is a likelihood that one or more of the valve
cover gaskets has hardened and is now leaking. To check this, pull the
two plastic covers from over the spark plug coil packs and look around
the base of the plugs. If you see any oil pooled in these recesses then
that is surely what is going on. There are drainage holes at the rear
of each side that will allow any leakage to drip down the back side of
the block (where you can't see it) and eventually drip out from three
drain holes in the bottom of the transmission bell housing. These holes
are normally covered by the large rear belly pan. Remove the pan (5
10mm bolts) and you can see if that is the drip point.
When my 540i was doing this it was a combination of two things. One,
the oil had been overfilled by the prior owner (when I first bought it).
and secondarily I had a leaky valve cover on one side. I ended up
replacing the cover gaskets on both sides as well as all the donuts that
go around each of the 10mm bolts that hold the valve cover on (22 as I
Your leak may be different, but I am told this is a common affliction of
the mid 90's V8s...
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