Auto Loan GAP Coverage Cost Calculator
Trading in a car you still owe money on? Use this calculator to see how much negative equity gets added to your next auto loan and how it changes your payment.
New Estimated Monthly Payment
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Negative Equity Rolled Over—
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About this calculator
Calculate how much negative equity from your current car loan will be rolled into your new auto loan and how it affects your new monthly payment.
Frequently Asked Questions
What is negative equity?
Negative equity happens when you owe more on your current car loan than the car is worth. This gap gets added to your new loan if you trade in without paying it off.
How can I avoid rolling over negative equity?
You can pay off the difference in cash, wait until you have positive equity, or make extra payments on your current loan before trading in.
Does rolling over negative equity increase my interest paid?
Yes, because you're financing a larger amount, you'll pay more interest over the life of the new loan.