OOIDA's new webinar aims to explain lease purchase

By Land Line staff | Friday, April 12, 2013

Got questions about a lease purchase agreement? OOIDA’s latest webinar most likely has the answers.

The Association’s next webinar in the Business Education Series will aim to shed light on leasing regulations outlined by the Federal Motor Carrier Safety Regulations.

Tom Gann, OOIDA’s webinar host, says two industry professionals will walk participants through a compliant lease, and educate viewers on their rights under the leasing regs and in negotiations.

“We’re going to go through every section (of the leasing regulations) and point out the things a driver needs to look at when they go through a truck lease,” he said. “We’re going to give them the knowledge and resources to know what they’re getting into.”

Gann said one topic of particular concern to drivers entering lease agreements is compensation, specifically, the terms under which the lease will figure the amount. “Cents per mile” can be used to mean ZIP code mileage, or Rand McNally mileage, not necessarily true tire mileage from pickup to drop-off.

Other issues to be discussed include escrow accounts, charge-backs, and insurance.

“If something’s not in the lease, there’s an issue there,” Gann said. “We’re going to give (viewers) the information so they can make an educated decision about signing the lease. We will not say ‘Don’t sign this lease.’ We’re going to say ‘This is what you ought to be looking out for, and this is what it means.’”

Catch the live broadcast on Thursday, April 18, or view it in the archive afterward at your convenience. There will be time after the live broadcast for questions and answers.

Few business-training seminars offer OOIDA’s experience and knowledge of trucking-related topics, especially those relevant to owner-operators. The 2013 series is no exception.

This series of webinars gives truckers a one-two punch with some programs designed to help drivers understand rules, regulations and industry requirements, while other courses teach participants about the business side of trucking.

Webinars cover topics such as transitioning from company driver to owner-operator, the authority process, using load boards and more.

OOIDA designed the program with convenience and truckers’ schedules in mind.

“Webinars are presented by industry professionals in a user-friendly format delivered directly to the participant’s computer,” Gann said.

Programs can be viewed during the original airing, and participants can revisit the material later at their convenience. Or they can sign up to view any program in the easy-to-access archive files, which are available 24 hours a day, seven days a week.

There are two programs a month, each lasting about an hour. All programs are designed to help drivers at all levels in their career. Truckers may purchase the entire course, or choose individual programs, or pick several webinars with smaller, affordable package deals.

For more information, visit ooida.com/webinar, or call 800-444-5791, or follow the webinar series on Facebook.

Copyright © OOIDA

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