I recently bought a Volvo 850 with 350k KMs from a known seller. The car has never been in an accident, has no engine problems, and has been regularly serviced with all inspection papers in order. However, I noticed a ticking noise coming from the trunk when I was adding more oil. The noise persists even after driving and does not change. It is more noticeable when I get closer to the car. I use a high-quality oil brand and have never added any additives to the car.
I am not sure what could be causing the ticking noise. I have done some research and found that it could be due to valves, lifters, injectors, or possibly a damaged engine. I am a student and bought this car for 1k, so I don't have a lot of money to spend on repairs.
I have also noticed that the car leaks a little every time I drive it, and there are drops of oil underneath the car the next day. The oil looks clean and was last changed six months ago. The radiator was recently changed as it had cracked, but I caught it in time, and there was no damage to it. The exhaust smoke looks okay, but it's a little white, which I think is due to condensation as it's -20 here. The automatic transmission oil looks fine, and there are no weird colors.
Although the car drives well and there are no warning lights, I am concerned about the ticking noise. I hope someone can tell me what is causing it and if it's a major issue like a damaged engine. I have attached two videos of the car idling and revving, respectively, for reference.
I didn't perform the "oil stick" or "glove" test to check the PVC system, as I didn't want to risk damaging the car.
Thank you all for your help.
VIDEO 1: (CAR IDDLE)
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VIDEO 2: (REVVING THE CAR)






