Sounds Like You Have a Bad Universal Joint In The Drive Shaft.
Also somewhere in the drive trane there is a lack of Grease. Have
it serviced and greased, but first have the universal joints checked
and replaced if they are bad. Also check all Steering parts, and replaced
if needed. Good Luck
would the fan belt on a v8 motor cause squeaking
It is most likely due to a loose power steering belt. If the steering wheel is hard to turn at speeds slower than 40mph or it gets harder the more you turn it and the squeaking noise happens when you turn the wheel, then you need to check the tension on the power steering belt.
Dirty brake pads could cause a car to make a squeaking noise when putting the car in gear or when releasing the brakes. Cleaning, sanding, or replacing the brake pads should make the sound stop.
Sometimes things such as sand will get into your brakes and cause the squeaking noise. In other instances, it might something mechanical beginning to fail. Regardless of the cause, if the noise continues you should see your mechanic!
Vibrations that come through the breaks squeaking can cause the irritating squeaking that we have come to know. The high frequency of the vibrations results in the high pitch squeaking. Alternatively, the squeaking can come from the disc that secures the brakes, when the vehicle is coming to a stop.
Loose or worn out power steering drive belt. Usually this is a loose or worn belt on the power steering pump. The pump works its hardest when the vehicle is parked or at low speeds so if there is a belt issue, it will happen then.
rubbing from brakes or rubbing from frame
Belt is loose and slipping
Usually it is the brakes that needs servicing.
Need to lube the hinges and pins
Your Axle
Sounds like a brake wear indicator. If it changes while braking then it is. Recommend a brake inspection.