Today, I let my friend drive my car. I have been really easy on the car and taken easy until I can check everything out or have it checked out by a mechanic (I just got the car). He got on it a lot harder than I do, much to my dismay. After he had floored it a couple times, he started to drive normally. We were listening to a squeal that I was trying to determine the source (most likey brake related), when all of a sudden we heard a new squeal which we figured was a belt. The we heard a snap and pretty much all the lights on the dash came on, but the car still drove. The power steering was gone, and the heat quickly rose and we could smell coolant. We were able to get it back to his driveway, and we checked the belts, sure enough one was missing (we found it hanging off the bottom of the car). I am not sure if it is the balance shaft belt or not, as I can't find any pictures or diagrams that show where it is. It is to the right of where the timing belt is, below another belt. I have not received my chiltons manual yet and just don't know what is what yet. Is this the balance shaft belt? The other belt appears to not have been damaged, as I read many are when the balance shaft belt breaks. I also read about balance shaft eliminator kits. Is it a good idea to do this mod? It sounds like the balance shaft is more of a nuisance than its worth, cause of the placement of the belt. I would appreciate any help or insight on this matter. Thanks. Here is a pic of the belts. You can see the one belt, as well as the wheel with the missing belt.