DiggsNWT wrote:I had read on nicoclub that the chain guides are a known problem...but could they make such a terrible racket?? Perhaps a piece broke off??
It's possible. It's also possible that the chain is really loose and starting to knaw its way through the front cover, which contains the water pump assembly. People have had the chain cut through water passages like a chainsaw.
If the chain had skipped a sprocket or two, you would probably notice some problems with driveability. If it really jumped or broke, you'd certainly notice a head full of bent valves.
Personally, I'd feel more comfortable buying the car after doing a compression test. If there's no damage now, there will be soon. When the chain gets really loud, bad stuff's about to happen.
$3000-$4000 seems like a lot for a car with possible engine problems that's been sitting for months.