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Justin,
I am assuming you are driving a RWD car since this is the RWD forum. From my experience, $2400 for a tranny rebuild on a RWD Volvo is very high. A couple years ago I was having some issues with the AW71 tranny my '88 745T. Talked informally with my local AAMCO shop and found the simple solution to my problem. Just needed a new downshift cable, and it has worked fine ever since. Before I did this simple repair, I was considering doing the rebuild myself. Found out that the master rebuild kit for this tranny (soft parts, gaskets, seals, clutch plates, etc.) was about $160. During the conversation with the AAMCO guy, he indicated that a rebuild of my tranny would be about $1200 plus any hardparts. Remember, AAMCO is probably one of the more expensive shops around. The rest is labor, and there is a fair amount of labor involved with a tranny rebuild.
Back about 8 years ago, I had two 240s loose their trannies. Both were BW55 trannies that needed complete rebuilding, and the work was done by an independent tranny shop with a national warrentee. One car cost me about $750, the other was about $950 since it needed a new sprag clutch and torque converter.
You can go the junk yard route. You may make out, or you may loose. Very often the junk yard automatic trannies are in need of rebuilding. You just don't know what the history is on one of these units.
Now if you are talking about a FWD car, then $2400 may not be too far off. FWD tranny rebuilds are 50% to 75% higher due to the extra labor involved in R&Ring them. Plus, they can be more difficult to work on.
From what I have seen, there are few bargins in tranny repair. If you get a cheap price, you tend to get a cheap job. Hence, the old saying, you get what you pay for. This does not mean that you always get a top quality job for top dollor. But the trend is in that direction. So shop around. My technician had an inexpensive tranny job done in her car, and within 9 months it failed again. Paid to have it repaired again at a reduced price (since it failed so fast), only to have it totally Cr@%p out 18 months later. She is out about $1800, and there is no sense putting more money into the car. So shop around and get referrals.
Have fun,
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Gary D
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