Peterbilt 587 Financing

The Peterbilt 587 came out of the 2010 model year as Peterbilt's flagship aerodynamic truck, built specifically to hit EPA emission targets while keeping fuel consumption down for high-mileage OTR operators. Fleets running coast-to-coast lanes bought them in quantity. Now that many of those fleet units are cycling into the used market, owner-operators and small fleet builders are picking them up at prices that make the math work on a loan. We finance 587s for buyers at every stage, from the single-truck operator going from company driver to owner-operator to the fleet manager adding a fifth or sixth unit to the yard.

This is a legitimate workhorse platform. If you've found a 587 priced right and you're ready to move, the process here is fast. Application, three months of bank statements, and we're working your deal. Most approvals come back within 48 hours and funding follows inside two weeks. If a dealer needs the payoff to release title, we wire direct.

Peterbilt designed the 587 around a low-slope hood configuration with an integrated aerodynamic package. The cab mounts set forward over the front axle to maximize wheelbase efficiency and reduce drag. It was offered primarily as a sleeper, with configuration options including the 58-inch flat-top sleeper and 72-inch raised roof, making it viable for extended over-the-road runs where the driver needs livable bunk space without sacrificing fuel economy.

Engine options centered on the PACCAR MX-13, rated at 405 to 510 horsepower, and the Cummins ISX15 in earlier model years. Both powertrains have strong service networks, which keeps repair costs from becoming a liability. Transmission options included the Eaton Fuller 18-speed manual and the Eaton UltraShift automated manual. The automated option appealed to fleets trying to reduce driver fatigue on long lanes, and many 587s in the used market came factory-spec'd with that transmission.

Used 587s tend to land in the same mileage range as other mid-2010s Class 8 units, between 600,000 and 1.4 million miles for trucks that ran steady OTR duty. For Equipment Options who know how to evaluate a truck's maintenance history, that odometer number is a starting point, not a verdict. A 587 with a fresh overhead and documented injector replacements is a different animal than one that's been neglected. We fund both, but the terms reflect what the truck actually is.

Buyers running dedicated Financing Options lanes frequently target the 587 because the aerodynamics and PACCAR MX combination tends to deliver solid fuel economy on sustained highway speeds. That cost-per-mile profile is the whole reason the model sold in fleet quantities, and it's why second owners in the used market still seek it out.

Most 587 deals are structured as Get Fleet Terms, with a fixed monthly payment and a term of 36 to 60 months. You own the truck from day one, make payments on schedule, and carry the title after the lien is released at payoff. For operators who want different payment structures, a TRAC lease keeps payments lower by building in a residual value at the end of the term, with the option to buy the truck at the predetermined residual or return it.

For deals up to approximately $400,000, we can move on an application-only basis. That means no tax returns, no two years of audited financial statements, just the application itself and three months of bank statements. Deals above that threshold may require additional documentation. For most 587 purchases in the used market, the purchase price lands well inside the application-only window.

New authority operators, meaning those with less than 12 months under their DOT number, face a narrower set of options but are not automatically excluded. We handle new authority truck financing for qualified applicants who meet the minimum credit and revenue thresholds. If you're brand new to operating under your own authority, come in with a strong down payment and a solid plan for the first 12 months of operation.