New 62 VW bug owner - oil drip, caked looking oil under car. (pic)?

Question 1
New 62 VW bug owner - oil drip, caked looking oil under car. (pic)?...  Just picked up a 62 bug.

After driving it home for the fist time - 40+ min at highway speeds I noticed a few drips once I got home. It was kind of peculiar because I noticed a bit of oil residue dripping out those holes near the rear bumper (they have those plastic plugs on them)

I looked under the right side of the vehicle and I saw what looked like old oil residue and oil residue accumulating on the rear right side of the inside of the chrome bumper.

I have taken it out 3-4 times so far each with oil spots being left. The seller never once mentioned anything about oil and as apparent as it is to me, I fear he must be hiding something big.

The car looks cherry inside and out, being a first time bug owner I fear I may have purchased a polished turd.

Sigh.. I am going to my mechanic on Monday

I understand bugs may leak, it comes with the territory - to me the engine runs great, had no problem cruising around town, sounds great, it does have an odor in the car, possibly from heat + old oil heating up.

Do oil leaks equal a lemon?
Is this going to be a couple hundred dollar or 1000 dollar fix?

Red arrows is to me what looked grimey, where recent oil has touched. Everything is under the car.

http://img686.imageshack.us/i/dscf3492f.jpg
http://img514.imageshack.us/i/dscf3493y.jpg
http://img412.imageshack.us/i/dscf3494g.jpg/
This link will show pics:
http://yfrog.com/j8dscf3492j

Answers
1)   its a bug don't worry about acouple of leaks.. i had a few mostly with built motors, your leaks are pprobably from the clip on valve cover gaskets under $10 to replace or the oil pump/pulley area or the push rod tubes alittle more costly to re-seal like a few hundred but if its only a few drips then leave and enjoy - mykwilwin

2)   I believe it takes me about 7 minutes to pull an engine out on a bug lol Once out you can get to anything that needs to be repaired so if you need to find a mechanic keep in mind just how easy this is. - bill b

3)   thats nothing to worry about. all bugs leak. there are some driving around out there daily that are leaking far worse than yours, trust me, ive seen them in person. just have an extra 2 quarts in the trunk with you and check it daily, top off as needed. unless you find you are adding almost a quart a week or within 500 miles then i would look at the rear main seal or crankshaft slinger. check to make sure the hose going from the oil filler neck to the air cleaner is not clogged or bent at a sharp angle than air is not getting though. its the breather for crankcase pressure and if its clogged you will have oil shooting from the crankshaft pulley and coating the entire engine bay, its happened to me before. also check the torque specs of the bolts on the underside of the motor. also check the oil drain plate is on securely and the 2 paper gaskets are in place. - Air-Cooled ACVW


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Question 2
how much are Volkswagen's beetles?...  i really love this car, how much would one be new or old but good condition
thanks

Answers
1)   A lot more than they're worth. - G X

2)   Do you mean the old proper Beetle or the new golf based girly one? - who_is_jack_shit

3)   Three words for you, Kelley Blue Book. Might have heard of it. - RS


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Question 3
what year did vw begin putting radiators in their beetles?...  

Answers
1)   The New Beetle with a water cooled engine was introduced in 1998. - pbleek

2)   none of the old style beetle had radiators. they didnt need them since the engines are cooled by air and not water. so the first year they had radiators would be 1998 in the NEW BEETLE not an old body style one. they made the old ones in mexico until 2003 and they were still air-cooled and had no radiator - Air-Cooled ACVW


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Question 4
do all diesel jetta's have the turbo?...  do all volkswagen jettas with the diesel engine have the turbo on them?

Answers
1)   Yes they do, even the old style 1.9's were all turbocharged. You would be hard pressed to find a non turbocharged diesel these days. Even the first generation smart cars had a 800 cc inter cooled turbocharged 3 cylinder diesel. - pbleek

2)   All the recent models have a turbo on them; you'd have to go back to the late 1970's or so to get a VW Jetta/Golf/Rabbit without a turbo. They used a 1.6 liter, four cylinder that generated something along the lines of 54 BHP or so, I bought one new in 1979 and it was s-l-o-w to accelerate even with the 4 speed manual transmission. Todays diesel has 140 BHP or nearly 3 times the horsepower that my 1979 VW had and it gets about the same milage, but is a lot better at acceleration and doesn't smoke or smell and is much faster at starting especially in weather below 40F. - a car nut


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Question 5
1981 VW Vanagon air-cooled or water-cooled?...  We are buying a 1981 VW Vanagon the guy selling it said it was water-cooled the internet said it is air-cooled. Baffled! Do anyone know for sure or know how to look and find out! Thanks

Answers
1)   They made a water and air cooled engine on the vanagons in the 80's. Just be careful you don't live somewhere cold during the winter or it will freeze inside the engine. - Mrtheroosterdude

2)   1981 should have an air cooled motor. they switched over to water cooled boxer motors for the 1984 model. the motor was still in the back though. - Air-Cooled ACVW


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