Peterbilt 367 Financing

Oilfield operators chose the Peterbilt 367 for the same reason they chose other purpose-built severe-duty platforms: the set-forward axle configuration freed up frame space, the PACCAR powertrain options in that generation delivered pulling power with parts availability that didn't require a specialist, and the truck held together on the lease roads that would have shaken lighter conventionals apart. The 367 was Peterbilt's answer to a market that needed a vocational truck built to drilling-spread weight and access road standards, not highway economy standards.

We finance the 367 for oilfield operators across all the major producing basins. The truck stopped production in 2015 when Peterbilt consolidated the vocational lineup into the 567, which means financing is concentrated in the used and refurbished market. Our used oilfield equipment financing program handles these transactions with terms calibrated to the year, condition, and upfit configuration of the specific unit. Minimum deal size is $50,000 and we fund in about field-ticket review after a completed application.

The 367's Role in Oilfield Service

The Peterbilt 367 was built on a set-forward axle configuration that created a longer rear frame section than a set-back axle truck of similar overall length. That extra frame real estate is significant for oilfield upfit builders who need room for a vacuum body, a fluid tank, or a winch and auxiliary hydraulic system without stacking equipment over the drive axles in a way that creates stability problems under load.

In active service, the 367 appeared primarily as a vacuum truck for fluid management at well sites and saltwater disposal operations, a water transfer platform on completions jobs, a winch truck for rig assist and heavy rigging, and as a flatbed hauler for oilfield supplies and equipment moves. The PACCAR MX-13 and Cummins ISX (now X15) engines available in the 367 lineup gave operators powertrain options that fleet maintenance departments already knew how to manage.

The truck's discontinuation in 2015 created a secondary market that has stayed active in the oilfield sector. Operators who already own 367 maintenance records, have mechanics familiar with the platform, and operate in regions where parts availability is solid find that buying another 367 is a lower-risk move than transitioning to a different platform. Water hauling companies in the mid-continent run fleets with mixed 367 and newer platform trucks and manage them comfortably within a single maintenance program.

Buyers evaluating a 367 versus the newer Peterbilt 567 should weigh the purchase price discount of an older 367 against the 567's current powertrain network and extended service life. Both are financeable through our program.

What 367 Units Qualify and What We Need to Know

Used 367 financing covers units from the production years 2008 through 2015, which encompasses the modern platform. Earlier 367-based trucks exist but are evaluated on a case-by-case basis for collateral strength. The most financeable units are those with fewer than 500,000 miles, a documented engine service history, and an upfit body in operational condition.

High-mileage units are not automatically disqualified. A 367 with 600,000 miles, a zero-hour engine rebuild documented by an established truck shop, and a recently refurbished vacuum or winch body can still carry meaningful collateral value. The rebuild documentation is the key piece: without it, lenders cannot verify the engine's condition and treat the mileage at face value.

Short-form approval is available up to roughly $400,000, which covers the large majority of 367 transactions in the current used market. For deals that require a deeper review, three months of bank statements and a basic business summary are the standard supporting documents. Oilfield trucking operators with a history of equipment financing and active contracts are typically the fastest-closing applicants.

Credit Profiles We Work With

The used 367 market is heavily populated by owner-operators and small fleet operators who have experienced the cyclical credit impacts that come with oilfield service work. A slow year, a customer bankruptcy, or a down-cycle period can leave marks on a credit report that don't reflect the operator's current financial position.

Our lending network includes sources that specialize in B/C credit oilfield equipment financing. These are not subprime lenders in the consumer sense; they are commercial lenders with experience evaluating oilfield operators whose credit histories don't tell the full story. What they focus on is the current cash flow, the operational plan for the truck, and the collateral quality.

First-time buyers entering the oilfield trucking business with a 367 purchase face additional underwriting scrutiny, but not an automatic decline. A solid personal credit history, operating authority or contract in hand, and a meaningful down payment (typically 10 to 20 percent for first-time commercial borrowers) give the file a foundation to work from. Our startup equipment financing track covers these applicants specifically.