*Note* I lost all of the photos of the Foundation and T-45 when my old HDD died, so all I have as proof are the photos of my T-40, and a video of the Foundation *Note* Let me start out with that the Peavey T-40 has always been my dream bass, what with all the tonal options giving the possibility to sound like anything and the fact it was one of the most under rated USA made instruments ever. I searched far and wide at pawn shops and CL for a T-40 for about 6 months before I got mine, and I got close on one but the dude flaked out. I saw an ad for a mystery Peavey bass (not working) with a case AND a Martin travel acoustic guitar on CL for $27. I had nothing better to do so I trekked out in the rain to check it out, and I bought it upon seeing it was a Peavey Foundation in great condition, besides the fact the neck was bad. I repaired the neck by clamping it down and then adjusting the truss rod slowly, and then cut a new nut, and finally fixed the action. I put the Foundation up on CL for trade for a T-40 and some dude offered a T-45. Now the T-45 is slightly rarer and worth like $50 more so after checking out the bass I accepted. Shortly after I put the T-45 up on CL for trade for a T-40. Within a week a T-40 popped up and I immediately forwarded my T-45 ad, and the guy within 5 minutes excepted and we met within the hour and I got my precious T-40! SUMMARY Now I paid $27 for the original Foundation and Martin acoustic, BUT I repaired the acoustic and sold it to a friend for $20, so in essence I paid the equivalent of $7 for the T-40.