1999 Chevy Lumina TPS or Speed Sensor

1999 CHEVROLET LUMINA
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CMPINGGRL
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1999 Chevy Lumina 6 cyl Automatic 135000 miles

I just bought this 1999 Lumina 3 days ago. The anti-lock brake light is on and the Check Engine light came on today, I took it up to Auto Zone to see what the problem is and it came back to a Throttle Position Sensor or a Speed Sensor. Where are these located, and what are their purposes? Is there a possibility of my car breaking down if I do not get them replaced immidiately and wait a week?

Update - I forgot to mention that the brake light was on when I bought the car...the check engine light is the new light that came on. I believe the numbers that were read are: P0502 and P0122...hopefully those are right. Also, the car shifts hard from first to second, if that has anything to do with either of these sensors.
May 21, 2009 at 6:45 PM
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ZACKMAN
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Before we go any further, please post the actual code NUMBERS from Autozone for proper diagnostic. Their scanner only reads the check engine light, not the ABS. ABS system requires a scanner capable of ABS system, such as this one,


https://www.2carpros.com/forum/automotive_pictures/55316_cp9449_3.jpg

Autozone dos not have this scanner, but most repair shop will have similar units.
May 21, 2009 at 11:44 PM