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The coolant should not be going anywhere unless there is a leak externally or internally.
The oil consumption should not be much either in a issue free engine, less than a quart in 5K miles of driving.
A cooling system pressure test would be a good inexpensive way to start the diagnostics.
Hopefully its not a cracked head which would send oil and water through the engine at those kind of rates.
Not sure is a Head gasket could be the issue, not familiar with that part of the engine, but a cheaper fix than cracked.
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"It broke because it wants to be Upgraded  "
2012 Porsche Performance Driving School - SanDiego region
2001 Boxster S, Top Speed muffler, (Fred's) Mini Morimotto Projectors, Tarret UDP,
Short Shifter, Touch Screen Dual Din Radio, 03 4 Bow glass Top (DD & Auto-X since May 17,2012)
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