My sons 2004 Volvo S60 T5 with 180k miles has transmission issues. Shifter will shift into all gear positions but will not engage, grinds when you attempt to put in back into park with engine running. Shut car off and put in park, but car still rolls. Error codes P0722 and P0700 come up in code reader.

When in any gear you rev the motor, it seems to labor a bit but will not engage.

Need your guys suggestions on where to start troubleshooting.

Car is worth about $1500 and I don't want to spend several thousand on a new tranny.

 

I would check the condition of the axles and CV joints.

 

So im a new volvo owner. I recently had to replace my whole tranny on a 06 S60 loaded. Had a extended warranty. Long story short is u need to find a good mechanic, they spent almost 4,000 fixing it when the whole time it was just the valve body.most places go for the $ shot and that's what happened to me. I got a brand new car now but these cars are reliable and you have another 100,000 on it. U should just find a good place and have them fix it.

 

I just went through this with my 2006 Volvo S60. I am sure you have the same problem with the transmission. Have your transmission fluid drained - if its pink you have water in the transmission and you will need to replace it.

 

 

The codes are simply telling you that there is no output speed signal even though the vehicle believes that there should be output based upon the gear that you have selected.

The fact that the parking pawl is clanking around when you put it back in park suggests that things are spinning around internally and freewheeling. I'd suspect broken parts.

This transmission can be rebuilt by DIY if you have the patience and a clean work area. There are no specialty tools needed and need to pay attention to a couple of wear areas.

 

3 years old thread, boys.