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January 2018 update: SOLVED
I installed a used ABS ecu at the passenger kick panel and the P0500 cleared instantly and my odometer is now working.
If you have this OBD-II code, open up your ABS ecu and look for melted capacitors.
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So the other day I started her up and the took off without a second thought and noticed that the speedometer was not working.
Pulled the OBDII codes and got "P0500" = Vehicle speed sensor malfunction.
I tried to do some research so as not to waste the forums time with lazy repeat posts.
In my defense i cannot access the following posts:
ABS light
ABS Unique Problem
The connection times out so Im not sure what to do with those.
Google doesn't even give me the "cached" option for those pages.
I dont know if the 1996 2WD model gets speed information from the ABS sensors or a transmission speed sensor.
I saw lots of posts about a VSC problem in 01 02 models, but I dont think those apply to me.
First thing i did was check the ABS sensors. 3 of them are reading around 1750 ohms.
The last one was completely severed at the sensor location before I bought the truck and
I never had a problem with the speedometer until now.
Second test I did was jumping the "E1" and "Tc" pins on the engine bay diagnostic box.
When i did this before, I got the code for the right front ABS sensor (The broken one).
Now this new problem with the speedo has resulted in the ABS light not coming on at all during this test.
Instead the cruise control light starts blinking followed by the Airbag light a few seconds later. I'm stumped.
If there is a transmission speed sensor, I have been unable to find it so far.
Any insight would be greatly appreciated.
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"Island Paradise" 1996 Toyota 4Runner SR5 2WD 235 75r15