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I had a guy tell me the same thing about dexcool, that if I used the regular prestone green I would blow my engine lol **** seems to be running strong n doin just fine...
I just did my pan drop, filter and i customized a shift kit for my trans. Used dexIII and all seems well. Just make sure when u take the accumulator apart that the springs n shims are seated correctly inside piston bore. Also mark the 3 steellines before u pull them off because they are only held into place by the accumulator being bolted down. I also cleaned up the pan and mating surfaces with scotchbrite as well as reused old gasket...no leaks no probs...
I used 2 quarts well, 1 1/2 of Lucas and 6 of dexIII and my trans shifts like it was brand new now. 114k on original trans with that being first trans fluid change.....
You will get a mixed bag of comments of ideas from everyone here, you take the good and the bad and you try and make the best decision possible. If that trans is on its way out then what do u have to lose besides 50$.....
There is no such thing as DEX 5. DEX VI is the only transmission fluid that GM dealers are allowed to use when DEX III is called for. DEX VI is a super superior fluid over the fluid formally known as DEX III. DEX VI is the fluid that solved the trans chatter issues in AWD GM vehicles like the Olds Bravada.
On my 2001 SSEi, I had major shifting issues at 80,000 miles. I updated the fluid to DEX VI, the trans shifting issues became minuscule, and the trans is still going at 265,000 miles.
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