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SOT: Those who use Bank of America My Portfolio to track their BMWFS lease
I use My Portfolio with BOA to track all my credit cards, investments, banking, and reward programs. It shows all accounts on one page - saves me a bunch of time each week.
For those who also use this with their BMWFS lease, is there a way to set it up so that it only shows the full amount of the payments, instead of the payout value of the car? It's counting it as a $48K liability, whereas my remaining lease payments are around only $10K. I guess this would go with any leasing company.
TIA.
| | Reply » SOT: Those who use Bank of America My Portfolio to track their BMWFS lease |
Quote: I use My Portfolio with BOA to track all my credit cards, investments, banking, and reward programs. It shows all accounts on one page - saves me a bunch of time each week.
For those who also use this with their BMWFS lease, is there a way to set it up so that it only shows the full amount of the payments, instead of the payout value of the car? It's counting it as a $48K liability, whereas my remaining lease payments are around only $10K. I guess this would go with any leasing company.
TIA. | I doubt it. I use a similar account aggregator service with Wachovia and its not an option. You shoud list the actual car as an asset at 48K to balance the payoff.
| | Reply » SOT: Those who use Bank of America My Portfolio to track their BMWFS lease |
I think I'll list the residual value as an asset to offset it.
| | Reply » SOT: Those who use Bank of America My Portfolio to track their BMWFS lease |
This might work for you since it works for MS Money.
You should either remove it and just enter it as a bill.
Or you should add it as an asset, and schedule regular deductions from the asset's value for the depreciation.
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SOT: Those who use Bank of America My Portfolio to track their BMWFS lease