Leased Car Total Loss Calculator

Your Leased Car Was Totaled — Who Gets the Insurance Money?

A total loss involving a leased vehicle works differently from a total loss involving a car you own outright.

The main reason is simple:

You are using the vehicle, but the leasing company generally owns it.

That means the insurance settlement may be directed primarily toward the leasing company rather than being paid directly to you.

Our Leased Car Total Loss Calculator helps you estimate the financial relationship between:

• The vehicle's Actual Cash Value
• Your applicable insurance deductible
• Eligible taxes or fees added to the settlement
• The leasing company's total-loss payoff amount
• Any known GAP or lease-waiver benefit

The calculator can then show whether the estimated primary insurance settlement appears sufficient to satisfy the entered lease payoff or whether a potential shortfall may remain.

A Leased Car Total Loss Is Really Two Calculations

It helps to separate the situation into two different numbers.

Number 1: What does the insurance company estimate the vehicle was worth?

This generally begins with the vehicle's Actual Cash Value, or ACV, before the covered loss.

Number 2: How much does the leasing company require to settle the lease after the total loss?

This is the lease total-loss payoff amount.

Those numbers are not always identical.

If the insurance settlement is lower than the lease payoff, a shortfall may exist.

If applicable GAP protection or a lease GAP waiver covers that shortfall, it may reduce or eliminate some of the remaining balance according to its terms.

How the Calculator Estimates the Primary Insurance Settlement

The simplified calculation is:

Estimated Primary Settlement = Vehicle ACV + Eligible Taxes/Fees − Applicable Deductible

Example:

Vehicle ACV:

$28,000

Eligible taxes or fees entered:

$1,200

Applicable deductible:

$1,000

Estimated primary settlement:

$28,200

This is only a mathematical estimate.

The insurance company determines the official settlement according to the policy, valuation, claim circumstances, and state requirements.

Now Compare the Settlement With the Lease Payoff

Suppose the leasing company gives you a total-loss payoff amount of:

$31,000

Estimated primary insurance settlement:

$28,200

Potential shortfall:

$31,000 − $28,200 = $2,800

Without applicable GAP or another contractual protection, that $2,800 may represent potential remaining financial exposure.

The exact amount and responsibility depend on the lease agreement and claim handling.

Why You Should Use the Leasing Company's Total-Loss Payoff

Do not simply add together your remaining monthly lease payments and use that as the payoff amount.

A total-loss payoff can be calculated differently.

The leasing company may consider items such as:

• Remaining contractual balance
• Vehicle value provisions
• Early termination terms
• Taxes
• Fees
• Credits
• Other lease-specific adjustments

The most useful number for the calculator is the payoff figure specifically provided for the total-loss situation.

If you do not have it yet, contact the leasing company and request a current total-loss payoff or settlement amount.

Actual Cash Value Is Not the Lease Payoff

This distinction is one of the most important parts of a leased-vehicle claim.

Suppose:

Vehicle ACV:

$25,000

Lease total-loss payoff:

$29,000

The vehicle does not automatically become worth $29,000 just because the lease payoff is higher.

The insurance company generally values the vehicle according to the covered loss and valuation method.

The leasing company calculates what is owed under the lease.

Those calculations can produce different amounts.

Why Can a Lease Payoff Be Higher Than the Vehicle's Value?

Vehicles depreciate over time.

A lease can also have contractual obligations that do not move in exactly the same way as the vehicle's market value.

Early in a lease, it is possible for the amount required to settle the lease to be higher than the vehicle's insurance value.

For example:

Lease payoff:

$34,000

Vehicle ACV:

$30,000

Applicable deductible:

$1,000

Estimated insurance settlement:

$29,000

Potential difference:

$5,000

This is the type of situation where GAP protection may become particularly important.

What Is GAP on a Leased Vehicle?

GAP protection is designed to address an eligible difference between the primary insurance settlement and the amount still owed under a financing or leasing arrangement after a qualifying total loss.

With leased vehicles, GAP may appear as:

• A GAP waiver included in the lease
• A separate GAP product
• Another contractual lease protection

The exact form matters.

Do not assume all lease contracts provide identical GAP protection.

Does Every Lease Automatically Include GAP?

No universal rule should be assumed.

Many lease arrangements may include GAP-type protection, but the terms can vary.

Your lease documents should explain:

• Whether GAP or a waiver exists
• What it covers
• Any exclusions
• Whether deductibles are covered
• How excess mileage or wear charges are treated
• Whether other fees remain your responsibility

Check the actual lease contract rather than relying on a general statement from a salesperson or online article.

A GAP Example With a Leased Vehicle

Estimated primary insurance settlement:

$27,500

Lease total-loss payoff:

$31,000

Shortfall before GAP:

$3,500

Known eligible GAP or waiver benefit:

$3,500

Estimated remaining balance after GAP:

$0

In this simplified example, the entered GAP benefit fully offsets the entered shortfall.

Actual GAP contracts may contain limitations or exclusions that change the result.

What If GAP Covers Only Part of the Shortfall?

Suppose:

Shortfall before GAP:

$4,500

Known GAP benefit:

$3,000

Remaining estimated balance:

$1,500

The calculator will show that remaining amount rather than automatically assuming GAP covers everything.

Do Not Guess the GAP Benefit

If you do not know what GAP will pay, do not enter a random estimate simply to make the result look complete.

You can first run the calculator with:

$0 GAP benefit

That shows the potential shortfall before GAP.

Then, once the lease company or GAP administrator confirms a benefit amount, enter that figure to estimate the remaining balance.

Can GAP Cover Your Deductible?

Sometimes GAP arrangements address all or part of an insurance deductible, but this is contract-specific.

Do not automatically assume that your collision or comprehensive deductible will be covered.

Example:

Vehicle ACV:

$30,000

Insurance deductible:

$1,000

Lease payoff:

$30,500

Primary settlement before other additions:

$29,000

Shortfall:

$1,500

Whether GAP pays all, part, or none of that difference depends on the actual agreement.

The Leasing Company Usually Has the Primary Financial Interest

Because the leasing company owns the vehicle, it typically has a financial interest in the insurance settlement.

The insurer may send payment:

• Directly to the leasing company
• Jointly to you and the leasing company
• Through another claim-payment arrangement

Do not assume the insurance check automatically belongs to you personally.

What If the Insurance Settlement Is Higher Than the Lease Payoff?

This can happen.

Example:

Estimated settlement:

$32,000

Lease total-loss payoff:

$29,000

Potential settlement excess:

$3,000

However, an excess amount does not automatically mean the leasing company must hand you a $3,000 check.

The treatment of excess settlement funds can depend on:

• The lease contract
• Ownership interest
• State law
• Leasing-company procedures
• Credits or amounts due under the lease

This is why the calculator labels the number as a potential settlement excess rather than money guaranteed to be paid to you.

Your Down Payment May Not Come Back After a Total Loss

This is an important risk with leased vehicles.

Suppose you paid:

$5,000 upfront

to reduce the monthly lease payment.

Six months later, the vehicle is totaled.

Your insurance and GAP arrangements focus on settling the vehicle and lease obligation.

You should not automatically expect the original $5,000 upfront payment to be returned to you.

This is one reason consumers often consider the risk of making a very large upfront payment on a lease.

Capitalized Cost Reduction and Total Loss

A large upfront lease payment is sometimes used as a capitalized cost reduction.

It lowers future monthly payments.

But once the money has been paid into the lease transaction, a total loss does not necessarily make that original amount refundable.

The financial outcome depends on the lease and insurance settlement rather than simply reversing the original lease transaction.

What Happens to Your Monthly Lease Payments After the Car Is Totaled?

Do not stop making payments solely because the vehicle was totaled.

The lease is not necessarily closed on the date of the accident.

Until the leasing company confirms that the account has been settled, follow its payment instructions.

Missing payments while waiting for an insurance settlement can create additional problems.

Ask the leasing company:

“Do I need to continue making scheduled payments while the total-loss claim is being processed?”

Do Not Cancel Insurance Too Early

The same caution applies to your auto insurance.

Do not immediately cancel coverage the moment the vehicle is declared a total loss.

There may still be issues involving:

• The open claim
• Rental coverage
• Lease requirements
• Replacement vehicle coverage
• Title transfer
• Settlement processing

Ask your insurer when the leased vehicle should be removed from the policy.

What If the Leased Car Is Totaled in an At-Fault Accident?

If your own collision coverage is paying for the leased vehicle's total loss, an applicable collision deductible may reduce the settlement.

Example:

ACV:

$24,000

Collision deductible:

$1,000

Estimated primary settlement before other additions:

$23,000

The lease payoff is then compared with that settlement.

What If Another Driver Caused the Accident?

If another driver is legally responsible, their property damage liability insurance may potentially be involved.

However, claims can take time to investigate, and available liability limits can matter.

Your own collision coverage may also become part of the process depending on your policy and how the claim is handled.

Do not assume a not-at-fault accident automatically produces an immediate full lease payoff.

What If the Other Driver Does Not Have Enough Insurance?

A serious collision involving an expensive leased vehicle can exceed another driver's property damage liability limit.

Other coverage may then become relevant depending on your policy and state.

If you want to understand property-damage limits, use our Property Damage Liability Calculator.

A Stolen Leased Vehicle Can Also Become a Total Loss

Leased vehicles can be totaled by events other than collisions.

If a leased vehicle is stolen and not recovered, comprehensive insurance may potentially handle the covered loss.

The applicable comprehensive deductible may reduce the settlement.

The resulting settlement is then coordinated with the leasing company.

Flood, Fire, and Severe Weather Can Total a Lease

Comprehensive coverage may also become relevant after covered losses involving:

• Flooding
• Fire
• Severe hail
• Falling objects
• Vandalism
• Other qualifying non-collision events

The vehicle can still be declared a total loss even though no traffic accident occurred.

How Is the ACV of a Leased Car Determined?

The basic valuation principles are similar to other total-loss vehicles.

The insurer may consider factors such as:

• Year
• Make
• Model
• Trim
• Mileage
• Condition before the loss
• Options and equipment
• Comparable vehicles
• Local market information

The fact that the car is leased does not automatically make its ACV equal the remaining lease payoff.

Check the Total-Loss Valuation Carefully

Even though you do not own the leased vehicle, an incorrect valuation can still affect the financial outcome.

Review the valuation report for:

• Correct VIN information
• Correct model year
• Correct trim
• Correct mileage
• Factory options
• Pre-loss condition
• Comparable vehicles

An incorrect ACV can create or enlarge a shortfall between the settlement and lease payoff.

What If the Insurer's Valuation Seems Too Low?

Ask for the valuation report and review it line by line.

If there is a factual error, document it clearly.

For example:

The report lists:

Base trim

but your leased vehicle was:

Premium trim with additional factory equipment.

That information may matter to the valuation.

Lease Residual Value Is Not Necessarily the Same as ACV

Your lease may include a residual value representing the vehicle's estimated value at the scheduled end of the lease.

That residual figure does not automatically determine what the vehicle is worth on the date of an unexpected total loss.

For example:

Scheduled lease-end residual:

$21,000

Current ACV at the time of a mid-lease total loss:

$27,000

These numbers serve different purposes.

Lease Payoff Is Also Different From Residual Value

Three separate numbers can exist:

Current ACV

Total-loss lease payoff

Lease-end residual value

Do not use them interchangeably.

The calculator needs the leasing company's actual total-loss payoff, not merely the residual value shown on the original contract.

What If You Were Planning to Buy the Car at Lease End?

A total loss generally ends the possibility of completing the lease as originally planned because the vehicle no longer exists in usable form.

Your previous plan to buy the car later does not automatically change the insurance valuation.

The claim is handled according to the policy and lease agreement in effect when the loss occurred.

What Happens to Excess Mileage Charges After a Total Loss?

This is contract-specific.

Some lease charges that normally apply at scheduled turn-in may be treated differently when the vehicle is totaled.

Do not assume GAP automatically covers:

• Excess mileage
• Excess wear
• Unpaid monthly payments
• Late fees
• Lease penalties
• Other contract charges

Review your GAP waiver and lease agreement for exclusions.

What About Excess Wear and Tear?

Normal lease-end wear-and-tear charges are separate from an insurance total-loss settlement.

How any outstanding contractual charges are handled after a total loss depends on the leasing company and lease agreement.

The calculator does not automatically include these amounts because they are not universal.

What About Unpaid Lease Payments?

Past-due payments may remain separate obligations.

GAP protection may exclude unpaid amounts that were already due before the loss.

If your account was behind before the accident, ask the leasing company for a detailed payoff statement showing:

• Current payoff
• Past-due payments
• Fees
• Credits
• Other amounts due

Can You Keep a Totaled Leased Car?

Usually, this is much more complicated than keeping a totaled vehicle you own.

The leasing company owns the vehicle and generally controls decisions regarding title and salvage.

You should not assume you can simply choose to retain the totaled vehicle.

If you are interested in buying or retaining it, discuss that possibility with the leasing company and insurer.

Why Owner-Retained Salvage Is Different With a Lease

On an owned vehicle, you may sometimes choose to keep the salvage and accept a reduced insurance settlement.

With a lease, you generally do not hold full ownership rights to make that decision independently.

This is one reason the leased-car calculator does not use the same owner-retained salvage input structure as the general Total Loss Insurance Payout Calculator.

Leased Car Total Loss vs Financed Car Total Loss

These situations are similar in some ways but legally different.

Financed Vehicle

You generally own the vehicle subject to the lender's lien.

Leased Vehicle

The leasing company generally owns the vehicle while you have contractual rights to use it.

Both can involve:

• An insurance settlement
• A payoff amount
• Negative financial difference
• GAP protection

But ownership and contract terms differ.

Leased Car Total Loss Example With No Shortfall

Vehicle ACV:

$30,000

Eligible taxes and fees:

$1,000

Deductible:

$500

Estimated primary settlement:

$30,500

Lease payoff:

$28,500

Estimated shortfall:

$0

Potential settlement excess:

$2,000

How that excess is handled depends on the lease agreement and leasing company.

Leased Car Total Loss Example With a Shortfall

Vehicle ACV:

$25,000

Deductible:

$1,000

Eligible additions:

$500

Estimated settlement:

$24,500

Lease payoff:

$29,500

Potential shortfall:

$5,000

Same Example With GAP

Shortfall before GAP:

$5,000

Confirmed GAP benefit:

$4,500

Potential remaining balance:

$500

The fact that GAP exists does not guarantee that it covers every dollar of the difference.

Why GAP May Not Pay the Entire Difference

Possible contract limitations can involve:

• Maximum benefit limits
• Deductible restrictions
• Late payments
• Excess mileage
• Unpaid fees
• Negative equity carried from a previous vehicle
• Excluded additions to the lease
• Other contractual exclusions

The specific GAP contract or lease waiver controls the actual benefit.

Negative Equity From a Previous Vehicle Can Complicate the Claim

Suppose you traded a previous vehicle that had negative equity and part of that amount became connected to the new transaction.

The new leased vehicle is later totaled.

Your GAP or lease waiver may not necessarily cover every amount associated with old negative equity.

This is highly contract-specific.

Check the agreement carefully if previous vehicle debt was part of the transaction.

Does GAP Pay for a New Replacement Vehicle?

Generally, GAP is designed to address an eligible financial shortfall on the totaled vehicle arrangement.

It is not automatically money for:

• A new down payment
• A new lease
• A replacement vehicle upgrade
• Future monthly payments

You may need separate funds to begin another lease after the old lease is settled.

What Happens to Your Security Deposit?

If your lease involved a security deposit, treatment after total loss depends on the contract and account status.

Do not automatically include the deposit in the calculator.

Ask the leasing company whether:

• It will be refunded
• It will be applied to amounts due
• It will be handled another way

What If You Have Multiple Security Deposits?

Some leases use multiple refundable security deposits to reduce financing charges.

If you used such a structure, ask the leasing company how those deposits are handled after an early total loss.

The answer comes from the lease terms rather than the vehicle's insurance ACV.

Does the Lease Acquisition Fee Get Refunded?

Do not assume that fees paid when starting the lease are refundable because the car was later totaled.

An acquisition fee, registration fee, dealer fee, or other upfront charge may already have been earned or spent.

Review your contract for any refund provisions.

What Happens to Registration and Taxes?

State rules vary.

Some total-loss settlements may include or account for certain taxes and fees.

Other registration-related refunds or credits may be handled separately.

The calculator therefore uses a manual Eligible Taxes / Fees input rather than automatically applying one state-wide or national percentage.

Use $0 If You Do Not Know the Eligible Tax or Fee Amount

Do not guess.

If the insurer has not yet confirmed eligible additions, enter:

$0

You can update the calculation later when the settlement statement becomes available.

What If the Insurer and Leasing Company Use Different Numbers?

This is normal because they are calculating different things.

The insurer may say:

Vehicle ACV = $26,500

The leasing company may say:

Total-loss payoff = $29,000

Those figures do not need to match.

The difference between them is exactly why GAP protection may exist.

Who Should You Call First After a Leased Car Is Totaled?

You will typically need to communicate with several parties.

These can include:

• Your insurance company
• The leasing company
• The GAP administrator, if separate
• The repair or storage facility
• Another driver's insurer where applicable

Make sure the insurance company has the correct leasing-company information so settlement documents can be coordinated efficiently.

Documents Worth Keeping

Total-loss claims can involve several financial calculations, so keep copies of:

• Your lease agreement
• Insurance declarations page
• Total-loss valuation report
• Lease payoff statement
• GAP agreement or waiver
• Settlement statement
• Payment records
• Emails and letters
• Rental-car documentation

These documents can help you understand where each number came from.

Ask for a Written Settlement Breakdown

If possible, ask the insurer to show:

• ACV
• Deductible
• Taxes
• Fees
• Adjustments
• Final settlement amount

Then ask the leasing company to show:

• Total-loss payoff
• Insurance payment received
• GAP adjustment
• Any remaining balance
• Any credits

This makes it much easier to compare the claim with the calculator.

Rental Coverage After a Leased Vehicle Is Totaled

Rental reimbursement does not necessarily continue until you obtain another leased vehicle.

Your rental benefit may end after:

• A set number of days
• The insurer makes a total-loss offer
• The settlement is completed
• Another event defined by the policy

Ask the insurer for the exact rental termination date.

Can You Lease Another Car Before the Old Claim Is Finished?

You may be able to arrange another vehicle, but consider the financial timing carefully.

You may still have:

• An open lease account
• An unsettled insurance claim
• An unresolved GAP claim
• Continuing payments

Confirm your obligations before assuming the old lease is fully closed.

Will a Total Loss Affect the Insurance Price on Your Next Lease?

Possibly.

A total-loss claim resulting from an accident can affect future insurance pricing depending on:

• Fault
• Claim type
• Claim history
• Driving record
• State rules
• Insurer
• Other rating factors

If you want to estimate a possible accident-related premium increase, use our Accident Insurance Increase Calculator.

Does the Total Loss Automatically End the Lease?

The accident itself does not necessarily close every financial obligation instantly.

The lease generally needs to be settled through the insurance and leasing-company process.

Wait for written confirmation that the account has been completed or closed.

What If You Do Not Have GAP?

If the primary insurance settlement is lower than the lease payoff and no applicable GAP protection exists, you may have a remaining balance.

Example:

Lease payoff:

$27,000

Insurance settlement:

$23,000

Potential shortfall:

$4,000

If no other protection applies, that difference may remain your financial responsibility according to the lease agreement.

Can You Negotiate the Lease Payoff?

The payoff is determined by the leasing company under the lease agreement.

If you believe an amount is incorrect, ask for a detailed explanation.

Do not assume it works like negotiating the purchase price of another car.

Can You Dispute the Insurance ACV?

If you believe the insurer used incorrect information, review the valuation.

Check:

• Mileage
• Trim
• Options
• Vehicle condition
• Comparable vehicles
• Adjustments

If you find a factual error, provide supporting documentation and ask the adjuster to review it.

What If the Vehicle Was Brand New?

A newly leased vehicle can create a significant gap because depreciation can occur while the lease payoff remains high.

Example:

Vehicle original transaction value:

$42,000

Current ACV after an early total loss:

$36,000

Lease payoff:

$40,000

Deductible:

$1,000

Estimated primary settlement:

$35,000

Potential shortfall:

$5,000

This is exactly the type of situation where the GAP terms should be reviewed carefully.

What If the Lease Is Almost Finished?

A vehicle near the scheduled end of the lease may have a smaller payoff difference than a newly leased vehicle, but that is not guaranteed.

Use the actual total-loss payoff rather than assuming there is little left because only a few monthly payments remain.

Leased Car Total Loss vs Regular Car Insurance Total Loss

The general insurance valuation process can be similar, but the financial outcome differs because the leased vehicle belongs to the lessor.

For a vehicle you own or finance, use our Total Loss Insurance Payout Calculator.

For a lease, this calculator is more useful because it focuses specifically on:

• Lease payoff
• Settlement shortfall
• GAP or lease waiver
• Potential remaining balance
• Potential settlement excess

What the Calculator Results Mean

Estimated Primary Settlement

The ACV plus eligible additions you entered, minus the applicable deductible.

Lease Total-Loss Payoff

The amount you entered from the leasing company.

Shortfall Before GAP

The amount by which the lease payoff exceeds the primary insurance settlement.

Applied GAP Benefit

The known GAP or waiver benefit you entered, limited to the shortfall for calculation purposes.

Remaining Balance After GAP

The amount of shortfall still remaining after the entered GAP benefit.

Potential Settlement Excess

The amount by which the primary settlement exceeds the entered lease payoff.

This is not automatically money payable directly to you.

Settlement-to-Payoff Percentage

This shows how much of the entered lease payoff is represented by the estimated primary insurance settlement.

Frequently Asked Questions About Totaled Leased Cars

What happens if my leased car is totaled?

The insurer generally determines the covered vehicle's value and coordinates the settlement with the leasing company. The settlement is compared with the lease payoff, and GAP or a waiver may address an eligible shortfall.

Who gets the insurance check on a leased car?

The leasing company usually has a significant financial interest because it owns the vehicle. Payment may go directly to the lessor or be issued according to the claim arrangement.

Do I get money if my leased car is totaled?

Not necessarily. Even when the insurance settlement is higher than the lease payoff, the treatment of any excess depends on the lease agreement and leasing company's procedures.

Does insurance pay off the lease?

The primary insurance settlement is generally based on the vehicle loss rather than automatically matching the lease payoff. A difference can remain.

Does GAP cover the difference on a lease?

Applicable GAP or a lease waiver may cover an eligible difference, but terms, limits, exclusions, and deductible treatment vary.

Is GAP automatically included in every lease?

No universal assumption should be made. Check your actual lease agreement.

Does GAP cover my collision deductible?

It may or may not. Deductible treatment is contract-specific.

Do I still make lease payments after the accident?

Follow the leasing company's instructions until it confirms that the account is settled. Do not stop payments based only on the fact that the vehicle was totaled.

Do I get my original lease down payment back?

Do not assume so. Upfront lease payments are generally not automatically refunded because the vehicle is later totaled.

Can I keep a totaled leased vehicle?

You generally cannot make that decision alone because the leasing company owns the vehicle. Ask the lessor and insurer about available options.

Does the lease residual value determine the insurance payout?

No. Residual value, current ACV, and total-loss payoff are separate figures.

Can excess mileage affect a GAP claim?

It can depending on the lease and GAP terms. Some contractual charges may not be covered.

Can unpaid lease payments remain due?

Yes. Past-due payments and other excluded amounts may remain separate obligations.

What if the insurance payout is higher than the lease payoff?

The calculator can show a potential excess, but the lease contract and lessor determine how any excess is treated.

What if insurance pays less than the lease payoff?

A shortfall exists. GAP or another lease protection may reduce it if applicable.

Can I challenge the insurance valuation?

You can review the valuation and raise factual errors relating to mileage, trim, equipment, condition, or comparable vehicles.

Should I use my remaining monthly payments as the lease payoff?

No. Request the actual total-loss payoff from the leasing company because the calculation may include different contractual adjustments.

Does this calculator provide an official total-loss settlement?

No. It provides a mathematical estimate using the values you enter. The insurer, leasing company, and any GAP administrator determine the official amounts.

Before the Claim Is Closed, Confirm These Five Numbers

A leased-car total loss becomes easier to understand when you obtain five real figures:

1. Vehicle ACV

Get this from the insurer's valuation report.

2. Applicable deductible

Confirm the deductible actually being applied to the claim.

3. Eligible taxes and fees

Use only amounts confirmed as part of your settlement.

4. Lease total-loss payoff

Get this directly from the leasing company.

5. GAP or lease-waiver benefit

Use the confirmed amount once it is available.

Once you have those numbers, the calculator can give you a much clearer picture of the possible settlement.

For example:

ACV:

$29,000

Eligible taxes/fees:

$1,000

Deductible:

$1,000

Primary settlement:

$29,000

Lease payoff:

$32,000

Shortfall:

$3,000

Confirmed GAP benefit:

$3,000

Estimated remaining shortfall:

$0

That is far more useful than simply asking whether “insurance pays off a lease.”

Use the calculator to organize the financial side of the claim, then verify every figure against the insurer's settlement statement, leasing company's payoff, and GAP agreement.

For more tools, visit our Insurance Calculators, use our Total Loss Insurance Payout Calculator for owned or financed vehicles, or browse our Auto Insurance Articles.