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Get a buyout from Outgo
Meet your Buyout Specialists
How it works
Meet with your Buyout Specialist
Connect with a member of our team.
Review your contract
Your Buyout Specialist will explain the terms of your contract and the next steps to switch.
Get your rate
Just apply to Outgo while your Buyout Specialist gets your aging report.
Break up with your factor
Outgo will send a buyout agreement for all parties to sign.
Start factoring with Outgo
Enjoy your new great rate, automated invoicing, instant access to funds, and more.
FAQs
This common industry practice enables you to terminate a factoring agreement with the help of a Buyout Specialist so you can switch to a new factor with better rates, tools, funding speeds, and shorter contracts. Outgo will purchase your outstanding invoices from the old factor so you can close that account.
Your personal and business information, business standing, aging report, and your current contract will be reviewed to ensure you qualify.
Outgo requires just 15 days notice to end a standard factoring partnership. However, due to the costs of a buyout, the contract extends until Outgo has recouped those costs. This usually just takes a couple months, but larger buyouts can sometimes take longer.
It depends on the contract terms with the company you’re being bought out from, but it's typically 1-2 weeks.
For eligible carriers
Outgo’s Rate Match Guarantee
Think you might be overpaying for freight factoring? Find out if a better rate is out there.
