I am thinking about trading for a 95 LT1 z28, but it has a transmission problem, this is how the owner decribes, please let me know if you know what would be wrong and what it would take to repair

Thanks in advance

"I havn't driven it much because of this problem.. but this is exactly how it
is. You start it up and shift into drive.. Tap the gas, it shifts into
gear.. Once its in gear its all ***** as long as you want.. but once you let
off it and the torque lets off the transmission its gone.. you must stop,
put it in park.. shift back into drive. Your fine again.. At higher speeds,
if you floor it.. which requires a few gear downshift, it will not shift..
goes right into neutral again. Soo I don't really think its slippin'.. The
tranny fluid looks great really but whatever it is needs to be fixed before
it can be driven."

 

sounds like it might be a torque converter but im not a trans guru sorry

 

Forgot to add this, he says the engine has 200 miles since rebuild, and this is some of what was done

The motor is LT1 with 550 comp cam.. 1.6 roller rockers.. uhm, I have a list of stuff.. I had a friend do it for me, it sounds mean. Anyway.. It has a 4L60E and a 3500 Stall.

 

wow... i dont think a 3500 converter is for driving.

 

Sounds like your torque converter to me.... Sounds like it's shot...

 

going to look at it this weekend, any other idea???