1992 F150, 5.0 4x4 auto transmission issue

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Alright might be buying a short bed reg. Cab f150, has a rebuilt 5.0 but old tranny, current owner says it slips going into 2nd from 1st.

Any ideas what that might be, will the tranny need a rebuild? I know it's not much info to go on but any and all possibilities would be a help. Thanks.

It's the e40d
 
from the small amount of information that you have for us it either needs a rebuild (which is probably the case) or needs a tranny fluid flush and filter
 
I'm thinkin rebuild to, I'd do it eventually anyways but I would need to get it running smooth to get it registrable, thanks for your input.
 
Trucks only a grand so can't really go wrong either way lol.
 
Any idea how much a rebuild would cost? Local shops were no help lol.
 
most places i know around here will do it for a grand or less
 
That's actually less then I thought, awesome
 

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