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The squealing noise could be the belt itself,or a pulley bearing.The thing to do is have the belt removed and run the engine for a short time.If the noise dissapears,then the problem can be traced to the belt or a pulley for sure.
Make sure your car had it's cambelt changed at the 72k service.The alternator belt would have been removed as part of the cambelt change,and Renault recommend changing the alternator belt(more commonly known as the auxillary belt) at the same time.
To add,I'd have the problem looked at asap,as if the auxillary belt breaks it can become wrapped aroung the cambelt causing catastrophic engine damage.Sorry to be the profit of impending doom,but if you get it looked at now,it could save you a lot of money and hassle.
Good luck and let us know how you get on.
I'd rather push my Alfa than drive a BMW....
Currently in Lagdti's garage:
2004 Saab 9-5 HOT Aero and a 2001 Audi A3 1.8 Turbo
Last edited by Lagdti; 15th June 2007 at 09:25 PM.