I noticed a pool of what looked like oil on the garage floor under my 02 plate 996 recently and fearing that it was the dreaded RMS failure took into to a local specialist.

I was told that it was in fact a leak from the gear box rather than the engine - so big sigh of relief - or so I thought!

Apparently the seal between the gear box & the camshaft/drive shaft has failed, Porsche don't supply these and it requires a brand new gear box at a cost of £7,000!

At that sort of cost I wonder whether I should just take the car apart bit by bit and sell it for spares!

This can't be correct surely, I would welcome any advice.

Cheers

Welcome to the forum Sandman.  That sounds weird to me.  There surely must be an oil  seal for sale from Porsche main dealer.  Mines not a 996, but my drive shaft oil seal went, and bought one for a few quid. 

Have you tried calling a main dealer to confirm what you've been told?