* Code 740 often indicates a problem *with* the TCC, not necessarily the converter itself: The code suggests a malfunction in the TCC's control system or the TCC's ability to lock up. This could be due to several things: a faulty TCC solenoid, wiring harness issues, a problem with the transmission valve body, low transmission fluid, a worn-out TCC, or even internal transmission damage.
* Replacing the converter addresses only one potential cause: While a worn-out or failing torque converter *can* cause code 740, other problems listed above might be the root cause. Replacing the converter without diagnosing the underlying issue could be a costly waste of money if the problem lies elsewhere.
Therefore, replacing the torque converter is not a surefire solution. A proper diagnosis is crucial. Here's what should happen:
1. Thorough Inspection: A mechanic should check the transmission fluid level and condition. Low fluid or burnt fluid strongly suggests internal problems. They should also inspect the wiring harness and connectors related to the TCC solenoid.
2. Diagnostic Testing: More advanced diagnostics beyond just reading the code are needed. A scan tool capable of live data monitoring can show how the TCC is behaving and identify potential issues within the transmission control system.
3. Targeted Repair: Based on the diagnosis, the repair could involve: replacing the TCC solenoid, repairing wiring, rebuilding or replacing the valve body, or, as a last resort, replacing the torque converter. In some cases, the transmission might require a complete rebuild.
In short: While a failing torque converter *could* be the source of code 740, it's risky and potentially expensive to replace it without a proper diagnosis. Get a professional inspection and let them determine the actual cause of the problem before replacing any parts.