I just recently bought a 08 Ultra with 965 miles and when I'm riding 50/60 mph and decelerate I smell something like a hot oil smell. I thought I was getting a leak on a hot pipe but when I park it I can't find a leak nor smell the odor. I can only smell it during decel. Anyone have any maybe's. Other than that, it's beautiful....
check the transmission case cover. I had one that leaked only enough to burn on the exhaust bracket directly under the cover. Never dropped any on the ground
I have the same type smell on my 2010 EGC with about 6k on it now. It started at about 2-3K. Not leaking or using oil but when I stop and engine is hot it just smells like burnt oil.
Sometimes a drop or two of oil will fall from the air cleaner and land directly on the hot exhaust pipe but behind the shield. You can't see it. But you can smell it. Not a problem though.