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It's probably the valve body or the clutch packs. It doesn't really mattter since either way you'll be buying or rebuilding a transmission.

-Redbeard

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Are u using manual or automatic transmission? Make sure if it's a manual, that you are pulling up on the spring for the reverse lockout. You didn't specify and not sure if you just bought the car. Took me a little while to figure it out too lol. -Drives3pedals

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Q: Mercury cougar transmission wont shift into reverse?
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