[moneydance] question on car purchase...

[Mario Flores]

Hi,

I  recently purchased a car using a loan and a down payment. I set up  
my loan account and put the money from the loan into "auto expense".  
My down payment also went to my "auto expense". But now, I have a big  
expense (auto purchase) in MD reports but don't have any place to  
show the value of the car. Should I set an asset account? Should I  
enter a transaction from the expense account to this asset? How would  
you record it?

Thanks,

Mario.