My 2 cents (and worth every penny)......
Previous owner was an idiot, and burned out the transmission.
TV disconnected = tranny thinks it's at idle all the time, and provides
very little pressure to the internal clutches. Hit the gas, everything slips,
and about 5 miles later the tranny is toast. Rebuild it with all new clutches,
or swap for a hopefully good junkyard piece.
If you do your own rebuild, make sure you get and use the
installer sleeves for the clutch pack seals. I wasted too
much time before I gave in and bought them. A regular
universal clutch pack compressor, a good assortment of snap
ring pliers and lots of patience are the only other
requirements. Also, use the wide heavy duty OD band as
that is a major weak point if you intend to keep the car.
If you don't mind it a bit firm, you can also help it by
removing the sleeve from the OD apply piston and using the
large piston for a bit more hold in OD. IMHO, a shift
improver kit is also well worth the time.
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