Let a car's value drop each year
- Open the asset (e.g. your car) and tap Edit.
- Turn on Lose value automatically and enter the % a year (cars often lose 15–20%).
- A little is taken off each month, so your net worth follows. It's off unless you turn it on; you can always set the value yourself.
In the app: Open Accounts
More in People, loans and assets
- Track money you lend or borrow
- Pay someone back (or get paid back) in parts
- Pay back more than you owe
- Write off or forgive a debt
- Track a loan and its monthly payments
- Add a car (or anything) bought with a loan
- A loan with a big final (balloon) payment
- Record the money from a loan
- Record loan payments automatically
- Pay extra on a loan or pay it off early
- Add a late fee or penalty to a loan
- See your debt, payoff and interest
- Add yearly costs like car insurance and registration