Burning Smell or Oil Drips on the Ground Due to Engine Oil Leak on BMW 530i

Problem Description and Possible Solution

Valve cover gasket leaks are common after 60,000 miles. Symptoms will include oil drips under the vehicle and burning oil smell from the engine compartment.

Problem Data
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Average mileage: 100,909 (7,000–250,000)
7 model years affected: 2001, 2002, 2003, 2004, more2005, 2006, 2007
98 people reported this problem
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Viewing 1 - 20 of 48 comments
I have a very small oil leak from what appears to be the bottom of the engine, I cannot see any oil leak from the top. You do get a light oil burning smell from the engine when you push the engine but only from outside the car. Anyone know what the problem might be?

Look forward to your help and advice
oil leak around valve cover drips on manifold causing strong burning oil smell. i would like to know how hard it would be to replace myself.
Oil leaking at rear of valve cover onto rear exhaust manifold. Also found exhaust manifold gasket broken. The dealer wants $1200 to replace bothe gasket sets. I'm going to attempt to replace myself and save $1100.
Oil leaking from under the engine. Replaced valve cover gasket.
leaking oil on the ground
im a mechanic, this is the boss man car. i replaced the gasket, Felpro-vs50626-r on 1/6/10,162xxx miles, im replacing it today, 11/15/10, 180764 miles,yes,he racks up the miles.the oil seems to be getting out between the rubber gasket and the plastic v/cover, not from under the gasket and aluminum head. im going see if he will spring for a new v/cover.im "old school", i like STEEL.
Oil leak under engine on the garage floor, no smell.
oil smell and drops of oil on the ground under car.
I had the same problem. Had to replace the gasket. cost $600
Changed the valve cover gasket to find the valve cover was broken. After I replaced everything the smell went away.
buring smell smoke
Burned oil smell due to power steering fluid leak at the hose and engine oil at valve cover.
Replaced valve cover gasket, replaced power steering. hose, replace power steering cap o-ring.
Burning oil smell shortly after turning on car. dealer has detected oil leak.
Smelled burnt oil, looked for a solution. Went to replaced valve cover gasket and I also found a crack in the valve cover.
Oil leak with visible drips on concrete garage floor, oil residue and build up around oil pump, constant smell of burning oil. Took it to dealer, replaced all seals and gaskets. After 2 weeks, the problem is back so I'm taking the 2002 BMW 530i back to the dealer today!!
Oil leaks from valve cover and the smell enter the cabin. My asthma became chonic becasue fo the toxic fumes.
I have an oil pan leak and a valve gasket leak. Looks like a pretty simple fix for the mechanically inclined.
Speedometer cuts off and on and the take off feels like it's stuck in high gear. The burning smell is getting worse. All any shop can tell me is there's a communication promblem in the sensors. How do I fix this?
I smelled oil when driving. Took it to BMW garage which said they replaced a gasket in the engine housing. Fixed the problem. Drove it home, still smelled like oil. Took it back to BMW next week, and they said it was a different problem, valve cover problem. Charged me 3 hours labor for the first job, and may be the same 3 hours labor for the second repair. Why didn't they see the real problem the first time. I think maybe they fixed the wrong gasket and it was very expensive and didn't fix the problem. 3 hours labor charge for something that was not needing repair.
I have oil leaking onto my garage floor. Took the car to the shop and they told me I had to replace the valve cover gasket. Hope this solves the problem!