How do I add a car Lease from Hyundai?

billysboutin
billysboutin Quicken Windows Subscription Member
edited November 2023 in Download, Add/Update Accounts (Windows)

I tried to add an online account for a car lease from Hyundai Motor Finance Company but quicken created a loan and marked it as paid off. I changed it to an auto loan but it still has no entries. How do I convert it to a lease?

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Best Answer

  • J_Mike
    J_Mike Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    I have leased in the past.

    I simply set up a scheduled monthly payment to the lessor.

    No accounts are involved. You have no equity.

    You can likely terminate the lease at any time - subject to penalty charges.

    The lease is is really no different than a ;omg term rental - just a monthly expense.

    QWin & QMac (Deluxe) Subscription
    Quicken user since 1991

Answers

  • splasher
    splasher Quicken Windows Subscription SuperUser ✭✭✭✭✭

    I'm not aware that Quicken supports car leases, car loans, yes, but not leases.

    -splasher using Q continuously since 1996
    - Subscription Quicken - Win11 and QW2013 - Win11
    -Questions? Check out the Quicken Windows FAQ list

  • J_Mike
    J_Mike Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Answer ✓

    I have leased in the past.

    I simply set up a scheduled monthly payment to the lessor.

    No accounts are involved. You have no equity.

    You can likely terminate the lease at any time - subject to penalty charges.

    The lease is is really no different than a ;omg term rental - just a monthly expense.

    QWin & QMac (Deluxe) Subscription
    Quicken user since 1991

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