S40 V40: Changing transmission fluid - is this correct? 97k

[arcticsequoia]

Hey guys,

I've just purchased a 2003 S40 with 97k miles on it.
As such I'm now going through all things maintenance as I'd like to keep it for at least 100k+ more.

Something I thought of straight away, is ATF, as I think it may never have been replaced, and new transmissions are seldom cheap.

Today I've had a look at the dipstick, and luckily the liquid doesn't seem too dark.



Two questions:

• I checked with the engine having been off all night. Doesn't the dipstick indicate there's too much ATF? Look at the above pic.

From my understanding, it should be fairly straightforward to replace the ATF. As I understand the 2003 S40 does not have a removable filter pan, but rather a simple drain bolt.

Am I correct in thinking that all there is to this for a change is:

1. Lift up car
2. Carefully remove drain bolt with 24mm wrench
3. Drain fluid carefully into pan, with some alluminum foil/funnel ready if it starts going all over the place
4. Re-tighten drain bolt, measure how much has been removed
5. Refill same amount with a funnel from the dip stick. Turn on car and shift gears stationary and wait a few seconds each time.
6. Repeat the above several times/drive around the block until the fluid color gets to a decent color.

Now I've never been much of a car guy beyond shifting head lights and wipers, though I have a bunch of tools laying around and have put together computers from scratch for years.
From what I've been seeing online and from videos etc, this looks to be a fairly simple procedure.

Is the above procedure correct? Just wondering if I can do this myself, as the local shop quoted me $730/£560 for a change, which I am not very keen on paying..



All feedback is much appreciated!