OK the part with the bolt going through it is a rubber bushing ( top of the spindle ) it is either dry and squeaking or separated and clunking don't know what noise your hearing . If is squeaking then don't worry about it if its clunking and that is the spot the clunk is coming from ( not a blown rear shock or something else ) then you will need to get that fixed unfortinitaly . The top of the spindle looks like it sets the rear alignment and if the bushing is loose then the rear alignment will be bad and you will notice crappy tire wear on that corner of the car . I can check tomorrow what aprox labour would be . Im not a Hyundai tech and this is just in my opinion but im am a licensed mechanic .

thats good, being able to pick stuff up, not scared of a little work and getting dirty and a willingness to do stuff yourself can save you a ton of money over the years, automotive isn't rocket science, but there are lots of trick and such to learn, also unless you spend money and buy a good diagnostic program or are good with a breakout box and multi meter figuring some stuff out on newer stuff can be a challenge.

once the warranty is out on my own stuff I do all the work myself, right now I am specializing in ford 7.3 diesels, VW 2.0L diesels, and HD 88CI twin cam motors :mrgreen: but I did spend the money for a good diagnostic program which alone has saved me over 1000 bucks in tests alone, as my truck was ripped off a few years ago and driven into a lake :sad:

a good place to start is with a Haynes or Chilton manual for your car, far from everything you need to know but a good start for learning routine maintenance, where stuff is and basic trouble shooting that will narrow stuff down for you. they also have a section on suspension repair so that might tell you exactly how to do it your self and save you a ton right away.

Steve

is that conical end a cap over a grease nipple? I can't see one other wise for the life of me, mind you that picture is a weird angle LOL.

Steve

Welcome to the money pit that is vehicle ownership.

Is it just me or are those tires nearly bald?

Did you get the car from a dealer? If so they usually have a short warranty period that you can get it taken care of for free. It's probably just a dried out bushing that is now egg shaped on the inside instead of round, very common. It's a pretty simple fix.

Thanks for all the helpful suggestions :D I will definitely start learning :)

Haha thanks Ross :P

I don't think the tires are bald yet; its just the camera's focus and the angel that's making it look bald.

Nop I bought it from the owner. Didn't want to pay double for what's worth the car :razz:

Thanks for the helpful comment :D

Well, the sound is exactly like the one you hear with the trunk open and the vehicle moving (squeaking I would say?). I feel like its not an expensive fix but the labour is a bit worrying for me. Would really appreciate if you could get back to me with the approximate labour :)