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No problem. If your oil is low enough to have the pressure light flashing, you need to do something about it NOW. I don't have my 850 manual with me but I'm guessing that in your climate, 10W30 will suffice. A lot better than NO oil. If your car is a turbo synthetic is recommended but again, for now, just run down to the local car parts or Wal Mart store and pick up several bottles of Valvoline, Kendall, Castrol, anything in 10W30.
The oil filler cap is the dead center at the top of your engine. If you don't see anything on the dipstick, add a quart and measure again and it takes about a quart from the bottom of the stick to the top line.
By the way, leaking and burning are two different problems though. The 850's rear seal is something complained about here regularly but if it's just seeping you'll likely be fine for some time. Just keep an eye on the level.
If you know someone good with cars trade them a dinner or beers for a quick class in taking care of your car.
Good luck,
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Erwin in Memphis, '88 745t 193,000 miles, '95 855t 96,000 miles
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