Compression Ignition Addict
Join Date: Feb 2014
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That sounds about right as far as shift delays goes. It takes a second or two for my '97 to sort out which gear I've put it into, and I can hear a slight difference coming out of park, but it's subtle, and if you have your foot firmly on the brake, there's no real motion. If you're backing into a spot, you have to wait after shifting or it'll start forward then slam around the mechanism.
I can't say I've listened for fluid draining back down. Check the fluid level, and if it's OK, you're probably fine.
If there's no transmission temperature gauge installed, you'd do well to add one. The stock transmission cooler is perhaps a bit undersized, and heat + automatic transmissions = rebuilds. Keep the fluid cool, don't abuse the transmission, and it should last a long while.