Hi All,
I am buying a new car for and I am paying half cash (from a saving account) and half with a loan...
I am using Quicken 2011 to track my finance and I do not know how to transfer money from the saving account to the car...
When I add a new asset (vehicle), quicken ask me the buying price and the market value...
after it asks me to create a loan and for how much...
up to this point everything is fine...
I was wondering how should I track the money I put into the car??? is a transfer from saving into the car? (I have tried this, but I did not get it right, because the result was to increase the value of the car.....)
should I just record a transaction from the saving account and categories it as a "motor" category? (without moving money from saving into the car account (asset))????
what should be the best option?
thanks all
Vit