C&F Bank Auto Loans: New, Used and Refinance Vehicle Financing for Virginia Drivers

C&F Bank new vehicle loans start from 4.39% APR for qualified borrowers who set up autopay from a C&F Bank checking account. Terms range from 24 to 84 months, giving you flexibility to choose a monthly payment that fits your budget. The rate is fixed for the entire term — your payment never changes regardless of market interest rate movements.

Pre-approval is one of the most powerful tools in car buying. When you walk into a dealership with a C&F Bank pre-approval letter, you know exactly what you can afford and what rate you have locked in. This prevents the high-pressure finance office upsell and gives you leverage to negotiate the vehicle price separately from the financing terms.

C&F Bank finances cars, trucks, SUVs, vans and select recreational vehicles. There is no maximum loan amount for new vehicles, though the loan-to-value ratio generally cannot exceed 100% of the purchase price plus tax, title and licensing fees. Gap insurance is available through the bank to cover any shortfall between your loan balance and insurance payout if the vehicle is totalled.

New Vehicle Loan Features

• Rates from 4.39% APR for qualified borrowers
• Fixed rate for the entire term
• 24 to 84-month terms
• Up to 100% financing (MSRP + tax, title, fees)
• No prepayment penalty
• Pre-approval available before you shop
• Decision typically within 24 hours
• Rate discount with autopay from C&F Bank checking
• Gap insurance available
• Manage payments via CFFC online banking

C&F Bank auto refinancing replaces your current vehicle loan with a new C&F Bank loan at a potentially lower rate. This can reduce your monthly payment, lower your total interest cost over the life of the loan, or both. Refinance rates start from 4.59% APR for qualified borrowers.

Refinancing makes the most financial sense when your credit score has improved since you took the original loan, when market rates have dropped, or when you financed through a dealership at a higher rate than what a community bank offers. Even a one percentage point reduction on a $25,000 balance can save hundreds of dollars in interest over the remaining term.

The C&F Bank refinance process is simple. Apply at any branch or by phone. We evaluate your credit, the vehicle's current value and your existing loan terms. If refinancing makes sense, we pay off your current lender directly, transfer the title lien to C&F Bank and set up your new lower payment. There is no application fee and no prepayment penalty on the new loan. Most refinances close within five business days.

When Refinancing Makes Sense

• Your credit has improved. A higher score qualifies you for lower rates than when you originally financed.
• Market rates have dropped. If you locked in during a high-rate period, today's rates may be significantly lower.
• You financed at the dealership. Dealer-arranged financing often carries a markup over what a bank offers directly.
• You want a shorter term. Refinancing into a shorter term at a lower rate can save substantial interest even if your monthly payment stays similar.
• You need a lower payment. Extending the remaining term (while keeping a lower rate) can reduce your monthly obligation during a tight budget period.

Your C&F Bank loan officer will run a side-by-side comparison of your current loan versus a refinance and clearly show whether switching saves you money. If it does not make financial sense, we will tell you. That is the community bank difference.