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Hi OP, i had a very similar experience. Very light colored oil, thought it was transmission which was a scary thought. Then while getting my thermostat changed the mechanic told me my water pump needed to be changed because it was making some sounds when u spin it. Had the water pump changed and the clear oil leak is gone. So hopefully its the same for u since its an easier fix.
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2001 BMW X5 3.0  Sold
2008 VW jetta S
2006 Lexus Rx400h
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