Originally Posted by wes

Just because the braided material is worn does not necessarily mean it is leaking there. Make SURE it actually is before you replace it. Many exhaust shops will cut out the flex pipe and weld in a new one for fairly cheap.

If you have time jack the car up and support it on jack stands. Get underneath while the car is running and in neutral. Have a friend use a towel to plug the muffler while ou listen for leaks around the flex pipe and other areas.

As fas as the clamp, it looks like it is only a heat shield which is no big deal.