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Q: Problem with transmission on 2003 Chrysler Town & Country

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The check engine light has been on and I took it to a local Chrysler dealership. The report says "retrieved code 0740 Torque Convertor Clutch out of range". The recommendation was to replace the transmission to the tune of $4,500. The van is now over 11 years old and nearly 160,000 miles. Is it worth seeking an estimate from Aamco (or another transmission specialist)? Is it possible to rebuild the transmission at a price less than 4,500? I appreciate any advice, thanks!
P.S. The van is located in the DC metro area.
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The DC metro area has one of the highest cost of living rates in the country so they will be higher there than almost anywhere else. Yes you probably can get this done less expensively, and there are still shops out there that will rebuild your transmission. Use the estimator and shop locator here in repairpal to find one.
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