Trading in a vehicle

I just traded in one transport truck for another, with one year left on loan..there was a buy out paid and then a lease for the new one
what is the best way to record this using qb 2009?
tia
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How were you accounting for the first truck? What are the terms of the lease for the new truck. The question is a tax question and will be the same for any accounting system be it manual or computerized.
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the first truck is in as a LT Liabilty. If anyone has guidence i would apprieciate it. I just want to know how to tie up the first and incorporate the next. How to enter into qb.

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How about the new lease? Is it a operating lease or a capital lease? Was the buy out equal to the liability left on the books?

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