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What would you pay for a peavey t40 in 2024

The one I bought online listed as a Gibson one works fine. Maybe I got lucky.

Or I was unlucky. But I got mine with a Gibson bass, so maybe they just made it to suit their instruments and didn’t worry about it fitting anything else like a 3rd party maker would.

I ended up finding a t-handled wrench at an automotive store that did work however. :)
 
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What makes you think bi-laminate necks are a bad idea? The most stable necks today are multi-laminate. I have a number of Peavey basses and one Peavey Predator guitar from the early 80's to the early 90's and all of the necks are very stable and all of them have truss rods that do what they are supposed to do. The necks and the pickups were the best parts of Peavey basses. There are loads of Fender and other brands necks that are warped, twisted, ski-jump.
Even Leo copied the bi-laminate idea with the G&L's. Reversing the grain down the middle of the neck seems like a great idea to help rpevent warpage, not cause it.
 
My first "real" bass was a black T-45 I bought new in 1982. Loved that bass. Lost it to the pawn shop when I was in college (along with a Ric 4001 I actually liked a lot less). Bought another T-45 (burgundy) in 2005 that I ended up selling. Always wanted a T-40, but I could never bring myself to pull the trigger when the prices started shooting up. As far as what they're worth paying for, I'd agree with a number of the posters. They're not rare, so around $500 for a really good one is probably the sweet spot. I got lucky recently when a friend of mine for whom I built a David Gilmore-inspired Strat gave me a '79 natural T-40 he'd had stored in his basement and pulled out after a flood. It was in great shape for its age, though it needed some minor repairs (the original owner had done a poorly executed mod to eliminate the phase switch), and I never liked the natural finish. So, I took the wiring back to its original specs, softened the edges a bit, refinished it with trans cherry red nitro, and swapped the mangled pickguard (I swear that when the original owner did the mod, he enlarged the hole for the switch with a .45 cal pistol shot) for a jet black pearl replacement. I think it's really great now. Really big balls for a passive bass and a unique sound with tons of versatility. Some of the negative "lore" around the T-40 is ridiculous. The weight thing. Mine is 11.6 pounds. Yeah, it's not light...but Fender basses from that era are just as heavy (people ignore their weight because of the Fender mystique). My Jazz bass is almost that heavy, as is my Ibanez 5-string. My personal belief is that the world is just full of physically weak pussies who live to complain about stuff that isn't even true. Suck it up, buttercup...get a little exercise...bass players should be tougher than crybaby guitar players, and a bass should be capable of inflicting serious damage when used as a murder weapon. Hell, my 110 pound niece dropped by over the holidays for a bass jam and she didn't cry once about the weight. About the neck...the neck on this thing is so stable I didn't even have to adjust the truss rod when I rebuilt it. I have no idea when it was last adjusted (1979 at the factory?), but the relief fell in at 12/1,000 and the action is stupidly low. Easily the best of any bass I own. Looks-wise...well, a T-40 is probably an acquired taste for most people, and they do look a little like trailer house furniture from the 1970's sometimes, but after the refinish, with the new pickguard and five pounds of glorious T-series hardware, I think mine is a thing of beauty...

red-refinish-t-40.jpg
 
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