7.6. Automobile Loan (How-To)

The Automobile Loan, or in common terms, Car Loan, is treated more or less exactly as the House loan. The only difference is different accounts, and different interest rates.

Basic Car Loan Account Structure

-Asset
    -Current Assets
        -Savings Account
    -Fixed Assets
        -Car
-Liability
   -Loans
       -Car Loan
-Expenses
   -Interest
       -Car Loan Interest
   -Car Loan Adm Fees

For more information, please check House Mortgage (How-To)