Burn it off? I just my car sit. Eventually it leaks out!
No, seriously, use the drain plug.
Sounds like you're definitely mechanically inclined enough to learn how to change your own oil. It's a pretty simple process on any car. Definitely use a good OEM (definitely not Fram) oil filter and you'll want to pay attention to the debate on oil types. Do a search here and you'll learn more than you ever wanted to know. . .
Good luck with the car and welcome to the forum.
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Tom '75 targa