Journal entries I have a vehicle asset of $18000.00 on books and accumulated depreciation $18000.00. Vehicle totaled I recv'd insurance check for $22970.11. Bought new vehicle using the insurance check and took out loan for $25000.00.

Create an income account called Gain/loss on assets
journal entries
debit accumulated depreciation, credit gain/loss for the balance in the accum depreciation account
debit gain/loss, credit the fixed asset account for the balance in the fixed asset account
deposit the check and use the gain/loss account as the source account for the deposit

create the fixed asset accounts for the new vehicle and its accumulated depreciation

enter the down payment in the bank account and use the fixed asset account as the expense (reason) for the payment

create a long term liability account for the  loan
journal entry
debit the fixed asset account and credit the loan liability account for the amount of the loan