So when I'm climbing up a hill for a couple miles and working the engine, I notice burnt oil smell too. I think it just warms everything up in the engine bay...I do know my reinforcement plate is just COVERED in oil/grime junk :/ so maybe that is leading to the smell.

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2003 BMW X5 3.0i -- MT5, 3.64s final gears, H&R lowering springs, K-Mac bushing kit
2007 BMW X3 3.0Si -- MT6