Z3's and Z4's all suffer from age related problems with rubber and plastic degrading usually down to repeated heat cycles over the years. Rubber intake boots from the air filter to throttle body are the most likely to develop splits or tears so keep an eye on their condition. Any of the plastic vaccum pipes across the engine also need to be checked for cracks or splits. O rings also degrade over time and develop leaks as do some of the gaskets used between componants on the engine. Not only can these result in oil leaks but also allow air into the vaccum system which usually manifests itself in poor running and fuel trim issues that often result in engine management light being lit. Prime examples of gasket fails are the oil filter to block gasket, Cam cover gasket and Dip Stick O ring failing. Some of these leaks can be hard to spot visually so probably best to smoke test the engine which will reveal where the leaks are. Sump gaskets can also be prone to developing oil leaks due to age of the gaskets.