Double check for shaft play in the turbo. That would be you first sign that your seals are going out. The "seals" are actually the bushings that the shaft turns inside of. Once they wear themselves out of round, the oil is allowed to leak by. If you have access to an old 14b that is bad, you could practice on that to learn how to do it. You would need a really good set of internal snap-ring pliers (not Fleet Farm $5 specials) and some other misc. regular tools. You would obviously need a rebuild kit. I believe they run close to $100 (please correct me if I'm wrong). Usually it's the bushings that go out but from time to time the shaft wears out where it contacts the bushings. So be prepared that there is possibly internal damage as well. If it's just starting to smoke, then it probably isn't too bad inside there yet. But it won't get any better as time goes on.
I agree with Peter as well. Make sure you are not leaking oil onto something to make it smell like burning oil. That's one of the problems with Terina's car that we will be taking care of in the spring. If she drives normal you don't smell it, but when she gets hard on the throttle it stinks to high heaven when you get out.
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