u/General_Present1362

Hello everybody I came across this 2002 X5 4.6IS with 60,000 at work it’s a beautiful car and I really want it however it’s has 1 code P0720, I’ve done research on this code and apparently it’s the output speed sensor but I’ve also read that it could be a wheel speed sensor also. We have a test track at work that we can drive the cars down and I took it down and it shifted into every gear fine ( from
What I can feel no hard shifts or anything) I got it up to 50-70mph can anybody please help or enlighten me with potential problems or solutions and what else I should look out for. If I choose to get it I would only pay 1600 for it thank you for your time and help

EDIT also the brake, ABS and traction control DSC light is on, it also says check rear lights, check brake lights on car start up