Deal Math
GAP Cost Calc
What does the GAP Cost Calc do?
Show what GAP coverage adds to the payment and why it protects the customer. The fastest closer is the one who can put accurate numbers in front of a customer on the spot. This tool gives you clean deal math in seconds.
Try it now
GAP cost calculator.
Show the customer exactly how big their loan to value gap is, what GAP adds per month, and the one thing it actually protects against.
The selling price of the car
Total loan with tax, fees, and add ons
Value lost off the price so far
One time price of the GAP policy
Loan length in months
The rate GAP is amortized at
GAP would cover
$10,000
- Amount financed
- $38,000
- Less current value
- -$28,000
- Loan to value gap
- $10,000
- GAP added per month
- $12
$700 rolled across 72 months at 7.5%.
GAP protects you only while the loan balance is higher than the car value, the upside down window. Long terms, small down payments, and rolled in negative equity widen the gap. If you have real equity, GAP may not be worth the cost. This is a guide, not a policy quote.
How to use it
- Enter your numbers or details in the tool above.
- Read the result instantly, no signup and nothing to install.
- Use it live with your customer to build trust and move the deal.
Common questions
What is the GAP Cost Calc?
Show what GAP coverage adds to the payment and why it protects the customer. It is a free tool from JOEY for the individual car salesperson, and it runs right here in your browser.
Is the GAP Cost Calc free?
Yes. The GAP Cost Calc is free to use with no signup. JOEY also offers a full personal sales assistant if you want it to work your follow-up for you.
Who is the GAP Cost Calc for?
It is built for the car salesperson who wants an edge, not for a corporate rollout. The fastest closer is the one who can put accurate numbers in front of a customer on the spot. This tool gives you clean deal math in seconds.
Related tools
- Title & Registration Fee Estimator Add up title, registration, plate, doc, and other gov fees and see them as a share of the vehicle price
- Biweekly Payoff Savings See how much sooner a loan pays off, and how much interest you save, paying half the payment every two weeks
- Interest Cost Breakdown See the total interest on a loan and how the first payment splits between principal and interest
- Out-The-Door Builder Build a clean, transparent out the door price the customer trusts
Want JOEY to do the work for you?
These free tools are a taste. JOEY is a personal sales assistant that works your follow-up, texts, emails, and call prep so you sell more every day.