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You need to create an asset and a liability account to keep track of your car (asset) and your loan against the car.

1. Add an asset account for your new car.
2. Enter the first transaction with the category as Adjustment for the opening balance. In the Increase field, enter the current value of your car, that is $30,000.
3. Create a loan/liability account for the actual loan amount borrowed.
4. Enter the first transaction with the category as Adjustment for the opening balance. In the Increase field, enter the actual loan amount.

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