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I own a 1993 F150XLT 2WD and when my tranny shifts into 2nd gear I get this loud chirping from what I gather is the tranny.
It has about 148,000 on it and I've only owned it from about 117,000 but it has done it ever since I got it.
I know the real remedy is a Jet E4OD with a new TC but I just don't have the $3500 right now.:-(