Oil Leaks
Symptoms
Oil seepage and dripping from the valve cover gasket, oil pan gasket, rear main seal, and timing cover.
Cause
Rubber and cork gaskets harden and shrink over 50 years. The 18R is not a particularly leak-prone engine when the gaskets are fresh, but all gaskets eventually fail.
Fix
Replace all gaskets and seals systematically.
The valve cover gasket ($15--30) and oil pan gasket ($20--40) are easy.
The rear main seal requires gearbox removal.
Full reseal: $150--300 DIY, $500--1,000 at a workshop.
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