4-string · Bolt-on
Versatile humbuckers with coil-splitting via the tone pots; made in USA 1978-~1988.
| Construction | Bolt-on |
| Strings | 4 |
| Body | Ash or poplar |
| Neck | Maple (bi-laminated) |
| Fingerboard | Maple |
| Neck Pickup | Toaster-top blade humbucker |
| Bridge Pickup | Toaster-top blade humbucker |
| Controls | 2 volume, 2 tone (rolling back tone splits to single-coil), 3-way selector; passive |
| Made In | USA |
Artists documented playing the Peavey T-40: Adam Neely, Ben Ellis, Brad Naish, Brian Ritchie, Cameron Picton, Chuck Dukowski, Clément Libes, Curt Smith, Dave Collins, Dave Hollingworth, Dave Riley, Dopelord, Drew Pelisek, Gordon Moakes, Gylve Nagell, Jay Bentley, Josh Finerty, Larry Taylor, Leon Wilkeson, Mike Herrera, Nathan Latona, Randy Bradbury, Ross Valory, Roy Mitchell-Cárdenas, Scott Lucas, Steve Hanley, Zach Cooper.