Fox Searchlight has paid low-six against mid-six figures for “Crash and Burn,” a spec script from scribes Mark Loughlin and Brad Schlei.Pic, which Searchlight may put into production prior to the potential strikes, will be produced by Warren Zide and Craig Perry. Exec producers are Jill Mazursky and Schlei. Described as a college-age “Cannonball Run” set over spring break, story centers on a car race from Florida to California. Searchlight’s Claudia Lewis is overseeing the project for the shingle. Sheila Hanahan was the Zide/Perry exec who brought the project into the company. Loughlin is repped by Zide/Perry.