Contract buy out

Discussion in 'Questions From New Drivers' started by BPCampbell, Jan 20, 2020.

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  1. Jan 20, 2020 #1
    BPCampbell

    BPCampbell Bobtail Member

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    I 've been looking for a company to buy out my contract with CR England, but all the ones I've tried all say they don't buy contracts. Has anyone recently started with a company that offered to pay tuition from another trucking company's contract?
     
    BPCampbell, Jan 20, 2020
    BPCampbell, Jan 20, 2020
    #1
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  3. Jan 20, 2020 #2
    DUNE-T

    DUNE-T Road Train Member

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    How much is your buyout?
     
    DUNE-T, Jan 20, 2020
    DUNE-T, Jan 20, 2020
    #2
  4. Jan 20, 2020 #3
    SteveScott

    SteveScott Road Train Member

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    Look for a company with a sign on bonus and use that to pay off or toward your contract.
     
    SteveScott, Jan 20, 2020
    SteveScott, Jan 20, 2020
    #3
    baha and BPCampbell Thank this.
  5. Jan 20, 2020 #4
    BPCampbell

    BPCampbell Bobtail Member

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    $6000
     
    BPCampbell, Jan 20, 2020
    BPCampbell, Jan 20, 2020
    #4
  7. Jan 20, 2020 #5
    meechyaboy

    meechyaboy Heavy Load Member

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    Does it have a non compete clause?
    How long would you have to pay it off?
    How much longer do you have on the contract?
     
    meechyaboy, Jan 20, 2020
    meechyaboy, Jan 20, 2020
    #5
  8. Jan 20, 2020 #6
    BPCampbell

    BPCampbell Bobtail Member

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    There's no non compete clause. Idk how long I'd have to pay it off. Idk probably till its paid off. They settle the tuition debt after you work for them for one year.
     
    BPCampbell, Jan 20, 2020
    BPCampbell, Jan 20, 2020
    #6
  9. Jan 20, 2020 #7
    meechyaboy

    meechyaboy Heavy Load Member

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    Find out exactly what the situation is. If they’ll set up a payment plan Or when does the first payment have to be made if you did leave? How far into that year are you? Like mentioned before find someone with a sign on bonus or if you find a nice outfit that’ll pay you enough to pay it off. Part of the contract I had with Schneider if I left early I had 2 months to make first payment. So I’d figure out the situation and go from there
     
    meechyaboy, Jan 20, 2020
    meechyaboy, Jan 20, 2020
    #7
    BPCampbell Thanks this.
  10. Jan 20, 2020 #8
    Espressolane

    Espressolane Road Train Member

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    First, know that they have people who scan this forum for drivers posting about the company.
     
    Espressolane, Jan 20, 2020
    Espressolane, Jan 20, 2020
    #8
    baha Thanks this.
  11. Jan 21, 2020 #9
    BPCampbell

    BPCampbell Bobtail Member

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    They let me go so I don't have to worry about being fired if that's what you're getting at.
     
    BPCampbell, Jan 21, 2020
    BPCampbell, Jan 21, 2020
    #9
  12. Jan 21, 2020 #10
    Espressolane

    Espressolane Road Train Member

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    Was just to pass along info.

    Was the termination for cause?
     
    Espressolane, Jan 21, 2020
    Espressolane, Jan 21, 2020
    #10
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