I went to reverse today, heard a loud bang and my truck will no longer reverse! on 1999 Ford Explorer

I have been told that it is the reverse transmission belt...is this accurate and if so what price range am I looking at to repair it?

by in Malden, MA on February 26, 2013
Get Your Car Fixed at a RepairPal Certified Shop.
We certify shops based on expertise, quality work, and verified customer reviews
2 answers 2 comments
ANSWER by , February 26, 2013
r/b trans approx 2500.00
COMMENT by , February 27, 2013
L/R band and soft parts about 1/2 that much approx. Just another option. Depends on mileage and how long owner plans to keep it. I guess. Now that is if the ancor/servo tab off the band has not torn up other hard parts and pan not full of clutches, so as i say just another option. It very well may not be worth repair! Got to take a look though. (I guess this is a 4x4 some were not.) Makes a little diff. in price!
ANSWER by , February 26, 2013
Reverse band not belt. Can be repaired see an independent trans. mechanic. Not a chain store shop!
COMMENT by , February 26, 2013
its a 99 repair is a waste of money i believe