Most likely you have just discovered why the truck is for sale: it could cost more to fix the transmission than the 24 year old truck will be worth after its fixed. If it was an easy fix the seller would have already fixed it and priced it higher. The seller is trying to get more than salvage value by selling the truck privately.
It sounds like you should budget in the extra cost to install a remanufactured transmission and while it's apart have the clutch rebuilt, throw out bearing replaced and engine rear main seal replaced. Hopefully old parts are can still be traded-in as useable cores, if not add on the core charges. Look up the "private sale" value of the truck and deduct the cost of the repairs to get a maximum price for the truck "as-is". This one could be a money pit even if it was free.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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