I would take a look at the driveshaft center bearing($30) and the flex disc (guibo $?) between the tranny and driveshaft. These seem to be the most common causes for clunking in the drivetrain. The exhaust system and driveshaft have to be removed to fix these.
You can check if there is any side-to-side play in the driveshaft before taking everything apart.
Both parts can be had cheaper than engine mounts($38-50 each), but tranny mounts are only about $7-12 each.
If you don't know when these wear parts were last changed, then replacing all of these parts at once would be less labor, since they are all going to wear out at some point and a lot of the labor overlaps for each part. (I'd be sure to test the engine mounts first though, since they are more $.)

Originally Posted by
rreimund
Hi all,
I've been experiencing some clunking in the drivetrain when I shift hard, or let off the gas quickly. It sounds like it might be some motor or tranny mounts allowing too much movement. If I drive like grandma, it's fine, but if I'm a little more agressive it can come up.. (but not always.)
What's the decisive test for determining if a mount needs to be replaced, what's the allowable deflection for a good mount? Where is it measured if that's how it's determined?
Thanks in advance.
- Rick
DanH
1989 535iA 254k Miles
1992 535iM 330k Miles