Most likely a loose serpentine belt on the engine or it needs to be replaced and is squealing when you press the gas.(fan belt)
Why go to the dealer?Talk to friends for info on a local garage that has a good reputation.
Always get an estimate on any repair,don't just drop your vehicle off and sign a work order without a price and description of what they are going to do to fix your vehicle.
SOURCE: 2004 GMC Yukon Denali - Squealing within the interior
high pitch squeel usually comes from the cambelt
SOURCE: 1998 GMC 4x4 Suburban - Clicking noise when excellerating
shot in the dark here did you check drive shaft to see if there might be some debris of some kind wrapped around it
SOURCE: 4 wheel low works but 4 wheel high does not.
sounds like the encoder on the side of the trans on the drivers side
SOURCE: 1999 Suburban 4WD, Noise from the transfer case?
Your problem is similiar to mine . the web-site has been helpful. $2000.00 sounds way to much for repair on that vehicle with such high mileage. I went to a dismantler and bought a used transfer case for under $350.00. Did the labor myself with a little help. It's not too difficult if you have a some diy experience or ability. As your working on it stay with the web-site for install hints or go to autozone.com for repair diagrams.
Good luck have a good day.
SOURCE: loud rubbing noise from the rear tires.
well it soulnd like you need new brakes and you can adjust the parking break by going in reverse and applying the parking brake
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