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Q: The transmission will not shift into any gears on 94 Corolla? on 1994 Toyota Corolla

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Just purchased the car a few weeks ago and it ran great. All of a sudden, the tranmission will not shift. I was told it had a new transmission in it but no other details. I was also told it might be a shift sylenoid (sp.?) I'm worried about repair costs if it is the sylenoid. Advice or recommendations great appreciated.
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