I'm having a similar issue with my recently purchased '02 GT. Except when Trac Loc is off she does something screwy... If I accelerate too quickly the Trac Loc light comes on and she does something like a stalling jerk. I turned trac loc off and did a quick burn out to see if both wheels turn but only my right side did...? Is this a bad set of gears, a sheared axle or something else? Also, at low speeds she makes a small, quiet clunking sound like the gears aren't meeting up or something? Please advise! I'd rather do the work myself than take it to a garage that's going to do something that I can handle. I just need to troubleshoot the problem and that's where I'm a little inexperienced...