I'd walk, sounds like it either has an oil leak into the turbo (I dont know if it's possible with them, I havnt heard of it but does happen with quite a few turbo's like transits etc) or has a persistant oil leak from a seal or something or maybe glazed bores.
If it is smokey, I would say Turbo or glazed bores.
It also depends on the price, If they are selling it for $5000 then I would say buy it and change or rebuild the motor if it is terminal or fix the problem but if they are asking more than about $12000 then I would run, not walk.


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