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Well the reason they are telling you that is needs to be rebuilt is because the shift solenoid is bad in the first gear. As 1st and L are different gears they work in tandem. You should not tackle this issue if you are planning to make this repair on your own as this is very involved as you need to disassemble the transmission to make the repair and that rebuilding it would be a good idea since the rebuild will not only fix your issue but offer a warranty on the work.
time to put a new tranny in that jet most of the time it costs to much to repair it then replace it i have done may tranny rebuilds and replacements to me i would just tell you to replace it at least you will get a better warrentee and stuff
not sure if this is an automatic or manual transmission 1st (automatic)if all forward gears are still working what it sounds like is that the reverse drum in the transmission has come apart. which will eventually cause the forward gears to start to go if thats the case, the rapir for the reverse drum is internal the transmission will need to be rebuilt. you can just put a reverse drum, but my opinion is there will be more damage and while its out might as well rebuild the entire transmission. you didnt mention if it was 4 wd or not and only rarely have i seen a transfer case cause the same issue, once most recently in a f150 with a manual transmission i was working on the chain stretched so bad it lost reverse but had all forward gears. 2nd (manual) could have lost the reverse synchronizer whic again the trans will need to be repaired either with just a syncro or complete rebuild. hope this helps
The ecm would not cause this, it sounds like someone did a poor rebuild, if the engining is reving and the car doesnt what to go then the clutches may be bad, a mass are flow would not cause a trany to go bad, the flashing hold light is a problem but should not be happening after the trany was just rebuilt, something is not right here, the trany was just rebuilt and now the hold light flashes and the motor rev going into 2nd gear, that trany has problems a bad ecm wouuldnt cause this slipping reving problem you are having , i would have a trany shop check to see if that trany was really rebuit.
This is very common, the reverse gears blows out, the reverse gear and some bushings need replacing, many trany shops wont do it, they rather sell you another trany, we had a retired vw tech that would repair them for us all you did was remove the trany, but anyway it can be repaired the parts cost about 150.00 then the rest is labor,
I don't have the shifting schematics for THIS vehicle .
However, they are available in the vehicle's repair manual. If you obtain this manual look for what is common between 2nd gear, final drive and overdrive this is your problem.
Remember they source of the problem may require a rebuild of the transmission. You may want to save some time and just give it to a repair shop.
First thing is to check the fluid level in the transmission, most vehicles have to be running at engine operating temp either in P or N, check your owners manual. Assuming your fluid is where it should be, that vehicle you have sorry to tell you are notorious for transmission failures, by what you described looks like your going to have to replace the trany or rebuild it, either way its not a cheap fix. My advise if the van is in really good condition put a used trany in it and trade it in for something else. You can look anywhere online about customer/ owner feed backs on 88-98 windstar vans and how bad the transmissions are on those Ford didn't get smart till 99 or 00 when they redisgned the drive train. If you keep driving it the way it is the trany will completely fail leaving you on the side of the road somewhere.