Help please. I have a leak on the drivers side rear, right above the exhaust pipe. Everytime I park I look and it immediately has a few drips. It looks like it is coming from right above the exhaust. It looks kind of like oil but doesn't really smell like oil.

 

Pink? check your coolant level. Could be cracked expansion tank or hose.

Is is the color of your oil on the dip stick? Does it feel oily.

 

Sounds like coolant tank or, in my case, water pump. Either one is very common and cost is approx. $500-$750 for complete job. Parts aren't too bad if your up to the DYI. Do a search for coolant tank or water pump. 1st quess would be coolant tank.
However, sometimes the coolant cap can be bad ($20). Is there the same color liquid around your coolant cap (blue cap on passanger side of engine compartment)?

 

It looks oily on the floor but when I touch it and wipe it off it doesn't seem like oil at all. My finger kind of feels like when u put Alcohol on on it. The blue cap is on the drivers side and it is below the min. How do I know if it is collant leak or water pump? It seems to happen right after I drive for a bit and the pressure builds up. Not if I just start it and move it real quick

 

Had a friend with a 99 while at the track . He drove it fine no leaking until the car got up to temp and then it started leaking. It would stop again after cooling down some and not driving to hard was ok. He even replaced the cap at the time hoping it was just the cap.
It ended up being the coolant tank.

 

Iv been looking around. It seems like it might be the cooling tank. I read about it giving off a burning smell? I did notice that when I drive the car and stop. There is a burning smell. Is this covered under regular warranties

 

what's it taste like

is it slippery, does it rinse off with water?

pics?

 

It washes away. It looks slightly oily when mixed with water but not to much.

 

I went back and noticed that when I washed it away, the area that had the fluid was already dry, ,where as the the area with the water was still wet? sound like coolant?

 

Sounds like coolant from the expansion tank. Could just be the cap or a bad tank.

Bit of a paint to replace, not too much money, but quite a bit of effort. Not an emergency repair but you will want to get it fixed promptly to avoid additional leakage which could result in something more pressing needing repair prior to driving.

 

I filled the tank with coolant and it seems like it got worse, when I got to work a huge amount of liquid had leaked out. I'm taking into the dealer at lunch, I have a carmax warranty so it should be covered. damn...just got the car a month ago to..

 

Mine did the same thing. It's hard to tell coolant tank from water pump (I couldn't). I would get it fixed soon. If it's leaking while driving, you may nor know because it will leak on exhaust and flash off or on the road. Although Possche made pretty good air cooled engines, the 996 wasn't designed that way so I would check it out soon.
Again, very common and once fixed, it should stay that way. One day job at shop and $500-$750.

 

My 2000 996 had a motor mount blow out oil. The oil substance sounds like what you described.
You can see the motor mount connection behind/above each exhaust tip. Check and see if there is oil on the bolt.

 

less they find additional stuff you "should do"

 

I took it in to the shop, it was the tank. I needed two new engine mounts and a transmission leak fixed and I should be back in business. I had a $75 deductible, but the warranty company will only pay $115 per hour for labor, porsche wants $170, so I guess I have to make up $50 for 9hrs of labor, not too bad I guess. Better than having to pay all of it.