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Ford Falcon 500: Oil leak

I have just bought a 2005 Falcon XR6 and I have noticed an oil leak that appears to be coming from the head. Also the main belt looks a bit worn like it's rubbing on the pulley. Any clues on what might be wrong?

The Falcon engine has a cam timing chain, so that's not your problem. If the auxiliary drive belt looks like it might be slipping, it could mean that it's worn, so have it changed. It won't cost you much to have it done. The oil leak could be from the head gasket, it might be sealing correctly. A head gasket change would cost you up to $1000.

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