Guide to Transmission Replacements: How Much It Can Cost to Get a New Transmission
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Does a Transmission Do?
How Much Does a New Transmission Cost?
Transmission Repair Cost
Preventative Care Tips for Your Transmission
Changing Transmission Fluid
Shifting Smoothly
Not Riding the Clutch
What Are Signs Your Transmission Is Going Out?
Leaky Fluids
Whiny or Clunky Noise
Vibrating and Grinding
The Vehicle Will Not Go Into Gear
Popping In and Out of Gear
Burning Smell
Squishy Clutch Pedal
Check Engine Light Is On
Torque Converter
Solenoid Issues
Noisy When in Neutral
Reverse and/or Forward Gear Failure
5 Ways to Cover Transmission Replacement Cost
1. Cash Savings
2. Credit Cards
3. Taking Out a Personal Loan
4. Auto Loan Refinancing
5. Consolidating Repair Debt Into Your Auto Loan
The catalytic converter cost can range from $300 to $2,500 The airbag replacement cost can range from $1,000 to $5,000 Head gasket replacement costs can range from $2,000 to $4,000
3 Auto Loan Refinance Tips
Refinancing your auto loan could lead to lower monthly car payments and more money in your budget. Lantern by SoFi can help you find the right auto loan refinance for you. Generally, the newer your car, the lower the refi interest rate. This is because younger cars typically have a higher value than old or used cars — and the car serves as collateral for the loan. Lengthening the term of your auto loan can decrease your monthly payments and free up funds for other financial goals, but this would also increase the total interest paid over the life of the loan.
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