that's what I thought too, but it also makes the deflating tire sound when the car is at a full stop. Could that still be the caliper?

OK, so I was driving my 95' 850 turbo wagon that I bought a few weeks ago to go get the mail, and when I parked and got out, I noticed a strong smell, like burning rubber. I figured it was the car next to mine and went on with my buisiness. So a few days later I had been doing some highway driving, ...