GAP Refund Calculator
Paid off, refinanced, traded, or totaled your car early? Estimate the prorated GAP refund you may be owed. Free, instant, and private — nothing is stored or sent.
Free estimate · No signup · No credit card
Enter your numbers above to see your estimated refund.
How the estimate is calculated
Most GAP refunds are prorated: the share of the loan term still remaining when you cancel, multiplied by what you paid, minus any processing fee and any claim already paid. A few contracts use the Rule of 78s, which returns less in the later part of the term, and several states bar cancellation fees or require pro-rata outright. This calculator uses the straight pro-rata method as a ballpark.
Calculator FAQs
Is this GAP refund calculator free?
Yes. The estimate is completely free, runs in your browser, and requires no signup or card. Nothing you enter is stored or sent anywhere.
How accurate is the estimate?
It uses the standard pro-rata method (unused months ÷ total months × what you paid, minus any fee). Your actual refund depends on your contract and state law — some contracts use the Rule of 78s, and some states bar fees or mandate pro-rata. Treat this as a ballpark, and confirm against your GAP agreement.
When would I actually pay anything?
Only if you choose to generate a formal demand letter to claim the refund — and that decision comes after you see your free estimate. The calculator itself never charges you.
This calculator provides a general estimate, not legal or financial advice, and does not guarantee a refund or any amount. Refund eligibility and the exact calculation depend on your contract and your state. Last reviewed: June 2026.