Having spoken to an auto gearbox specialist I have placed the Mondeo in their hands.
They are hopeful that they can repair it (a drum/ band has gone ?) else a replacement box.
I am in the familiar situation.
The car is worth little as it is but I have kept most of the mechanicals etc in good shape.
Engine seems fine, uses no oil and leaves none, cam belt, disk/pads, Cat, tyres, battery, A/C compressor all recently sorted/ replaced.
The repair may be about what the fixed car is worth ? but I know the car.
Alternative is to start research / urgent search with no other vehicle in the family etc ( I need transport for a non driver SWMBO ) and I have too many other things happening at the moment to spend time hunting cars. This Mondeo took months to find and was 100 mile train trip to collect it.
I am fortunate that I can write the cheque for £600+
I will report back with the final outcome.
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Ford Mondeo II - 98 2.0 Auto gearbox new