I have you guys all beat. My trac light came on and I didn't pay much attention. Within a month, a new problem developed.
Whenever I start the car, within about 5 seconds a horrible screeching noise comes out of the engine. It then, without fail so far, stops after about 30-45 seconds. And the car operates fine. If you open the hood, the noise seems to be coming out of the power steering pump.
Took it to the dealer. They thought it was a very strange problem. But the answer came back that the noise was coming from the Traction Control Actuator and Accumulator, and that the estimate to fix was $2,400 parts, $700 labor - or a total of $3,100 - all on my 1990 LS400 with 205,000 miles - blue book value $3,000.
They advised that the traction control would not work - and it doesn't - easy to spin the wheels, and that the ABS brakes were part of the same unit - and they they would not work - I would have perfectly fine regular brakes - just not ABS. But I tested the brakes, and I was able to get that chattering sound on a panc stop - so I gues the ABS brakes are still there.
What to do?? The noise is so loud and scary, it sounds as if an shaft is being wrung apart - and that it might fail at any moment. But once the noise stops, the car is as good as ever. I have a 16 year old who is to begin to drive soon and I had planned to let this airbag equipped car provide his wheels. I guess the next repair problem will decide the issue of whether to abandon the car or continuing to pour good money into a piece of junk.
Any ideas?