The NP242 has an aluminum case and it should have a tag on the back saying New Process Gear, Model 242. New versions of the NP242 are referred to as NVG242 or NV242 which stands for New Venture Gear. The tag on the back of the transfer case will reflect the name change. Only the name is different.

The chain driven NP242 is a full time transfer case with a 48/52 torque split front and rear. It is possible to lock it into four low so it behaves like a part-time transfer case. When it is locked in, power will be split regardless of traction. The output for the front axle is on the drivers side. Low range is 2.72 and high is 1.00.