Alright I just purchased a 99 Mustang GT and now I've noticed a leak. For the first week I had it i didn't notice anything till yesterday morning. I moved the car so I could take out my saleen and I noticed a couple of drops of Reddish fluid. So right away I thought my tranny was leaking. I got underneath the car and noticed that a black gasket/seal on the pan had some reddish liquid. Last night I placed a cardboard underneath and this morning i noticed a few drops (2-3). Now I tried to clean this black gasket/seal and noticed to be really loose. Is that normal? My next question is this going to be expensive? Last but not least I've checked the levels and they're fine so could this be a sign of a major problem? Please advise.
