I would also be most curious as to the sound you speak of!
I am in the process of setting aside the fund-age to perform this task, being is school really sucks financially!
As a side note, I have been playing around with the idea of recording audio of my car. What I did was purchase a Sony MD (MiniDisk) player/recorder ($200) and a surround type microphone($20). This picks up decent audio but I have yet to find a decent location for picking up good exhaust audio for blasting threw the gears.