Cancel a GAP waiver in Oregon
General information, not legal advice. Laws change. Facts last checked on 13 November 2026 against the sources linked.
We name no lender and sell nothing.
Oregon's 2026 legislative session amended or repealed some sections in the chapters we cite. We read the 2025 edition of those chapters and could not confirm whether any section below changed. Check the linked law before you rely on a number of days or a fee.
GAP waiver
GAP bought with a personal-use car can be cancelled for a full refund for at least 30 days after purchase, if you received no benefit from it.
This does not cover GAP from a bank or credit union, a GAP insurance policy, or GAP on a loan that is sold to a company with an Oregon consumer finance license.
Our summary of the law quoted below. Your contract says what applies to you.
Optional? For GAP that this rule covers, you cannot be required to buy it to get the loan or to buy or lease the car.
“a period of at least 30 days after the date on which a borrower purchases a guaranteed asset protection waiver … the borrower may cancel ... and receive a full refund of the purchase price”
More from the law (6)
“in connection with a sale of a motor vehicle that is used for personal, family or household purposes”
Oregon Revised Statutes 646A.776 and 646A.773(2)(c)
“ORS 646A.770 to 646A.787 do not apply to: … A state bank, as defined in ORS 706.008, or a credit union, as defined in ORS 723.008”
Oregon Revised Statutes 646A.773(2)(a)-(d)
“An addendum to a finance agreement that is sold or assigned to a licensee, as defined in ORS 725.010, and that is secured by a motor vehicle”
Oregon Revised Statutes 646A.773(2)(a)-(d)
“An insurance policy that an insurer offers under the provisions of the Insurance Code;”
Oregon Revised Statutes 646A.773(2)(a)-(d)
“A debt cancellation contract or debt suspension agreement offered in compliance with 12 C.F.R. 37.2 or 12 C.F.R. part 721, both as in effect on January 1, 2016;”
Oregon Revised Statutes 646A.773(2)(a)-(d)
“purchasing a guaranteed asset protection waiver is not required in order to obtain credit or complete a purchase or lease of a motor vehicle”
- Who to ask: Oregon DOJ Consumer Protection 1-877-877-9392
Not covered yet
These pages do not yet cover paint and fabric protection, tire and wheel protection, key replacement, theft etching or prepaid maintenance plans, and state no rule for them. For questions, read the contract or ask the offices below.
- Paint and fabric protection
- Tire and wheel protection
- Key replacement
- Theft etching
- Prepaid maintenance plans