About a dozen 1988, 1989, 1990, and 1991 sedans, wagons, 4Matics and 1 coupe
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Regarding the creaking noise, you have a worn/dry steering linkage part. There are no lubrication fittings on a 124 so part replacement is the only option. The problem could be the idler arm, the drag link, either left or right tie rod assemblies, the lower ball joints, or even the struts. Try to get a better idea of where the noise is coming from.
What do you mean by "there's still a bit of pressure when i move the transmission out of park"? Pressure where? You feel it at the shifter? If you're parking on any kind of grade and not using the parking brake you will have this. All I can think of is that turning the wheel moves the car enough to unload the parking pawl but that seems unlikely.
The bushings went bad because the diff weights a lot and it's been hanging by those bushings for 20+ years. I don't think there's any other connection.
What do you mean by "there's still a bit of pressure when i move the transmission out of park"? Pressure where? You feel it at the shifter? If you're parking on any kind of grade and not using the parking brake you will have this. All I can think of is that turning the wheel moves the car enough to unload the parking pawl but that seems unlikely.
The bushings went bad because the diff weights a lot and it's been hanging by those bushings for 20+ years. I don't think there's any other connection.