So, I have been meaning to get my car on a lift since I bought it a month ago and FINALLY did it today. I have been chasing thick smoke when the fuel pedal is pressed and today I found that there is oil dripping from the exhaust pipe (PO removed the muffler). At first I thought it might be fuel, but it's too thick and too black to be that. I realize this is not good and wanted to know what the primary reasons could be. I did a search, but all I could find were posts related to TDi's, which mine is not. I realize valve seals/guides or piston rings are a possibility. The car seems to run and idle well, just produces a lot of smoke, and now I know why.
I don't have any history on the car other than the title I had was from the original owner and that he drove it until about 2 years ago.
I do have another engine that came with the car that I could rebuild and just swap it out, so that's not too much of an issue. I am planning on rebuilding it myself, but have a machine shop check out the block and head for any issues. Anything I should be aware of? Where is a good place to buy seals, rings, etc.? I'm not looking to spend a small fortune on it and I don't care about performance, just a stock rebuild.
Thanks!