Sorry, 'Boy' meant as a polite expletive not a perjorative. "Gee" or "Wow" would substitute. Thanks for letting me know in a direct way how my writing might be perceived. And a further note - This is a generally polite and orderly list. If it was thought I meant anything else, several of the other list members would have handed me my head by now - it does not take them long - or at least jumped down my throat and tap danced on my tonsils... Thank goodness this community has some sort of decorum - although "law of large numbers" definitely applies and we do have some behavioral outliers... You'll find them as you look around.
anyway...
As for the transmission, unless I was prepared to do a complete teardown and rebuild I'd assume it's scrap - well how about a little more detail... what might be up here? Here is my reasoning (like most advice, probly worth what you are paying for it)...
- seller tried to repair or modify tranny him/herself and used wrong parts, does not want to tear back down and use right parts because he/she is hunching that they busted something... if it was a tranny-shop rebuild seller would have made them get it right most likely and the car would not be up for sale - unless seller got tired of the low city gas mileage or some such. On the highway these cars get great mileage but in city driving you might want an umbilical cord to attach it to a gas station that you own or at least really, really like...
- something 'grenaded' in the transmission and seller has made up a story. I feel a bit uncomfortable about writing this because I do not want to falesly accuse; on the other hand I think in the years this editboard's been running you're the first to talk about a 4t6xx transmission wizzing fluid out the vent tube like the Brussels Boy (fountain in Brussels, Belgium with staute of naked and anatomically correct boy urinating). I've just never heard of that. Thinking about it - you just might want to ask a dealer service tech if you know any.
I suspect that what the seller is betting on - if the car is nice looking - is that a mechanic who wants one of these Rivs might buy it for his own rebuild and use. In which case they might be willing to pay more for it than a junkyard. Seller has no doubt discovered that although the car has devotees it does NOT mean an inoperable one will sell readily or even at all.
As for pricing - a more direct answer - try using the guide on http://www.edmunds.com, to get some idea of price, or if you deal with a local bank or credity union call their loan desk and ask what the NADA figures are - or put differently, what might they loan taking this car as collateral? That amount is a starting point for reckoning what the car is worth. Subtract the repairs from that. Don't be surprised if the result is a very low or even negative number.
Albertj