• p0740 is a code for a torque converter clutch. don't think buying a new car is a must. usually cleaning out the transmission pan will help or even cleaning the body valve that feeds the fluids to your torque converter, alot of the times dirt, metal shavings, and other such foreign particles get into the pan or body valve and can in a way lock up the torque converter which leads to the transmission only shifting up half a step instead of a full step.

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