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Steer your summer car search in the right direction

Smiling young woman sitting in her new car after car shopping

5 things New England drivers should know before car buying this summer

Summer in New England is a great time to shop for a new (or new-to-you) vehicle. With the warmer weather and plenty of long weekends ahead, it’s the perfect season to hit the road in a new ride. Before you sign on the dotted line, there are a few key things to consider to ensure you’re getting the best deal and the right financing for your needs. Here are the top 5 things you need to know when you’re car shopping this summer.

1. Know what you want (and need)

Start by making a list of your must-haves. Are you picturing a fuel-efficient ride for those epic summer road trips? Or something with enough space to carry beach gear, luggage, or your kid’s growing collection of sports equipment? Think about the adventures ahead, like weekend getaways and family vacations, and what you’ll need to bring along. Maybe all-wheel drive is a must-have for tackling snowy New England roads once winter rolls around.

Once you know what really matters to you, it’s easier to stay focused and avoid being talked into features you don’t need at the dealership. And keep in mind, Massachusetts weather can throw just about everything at you. Features like heated seats, remote start, and all-weather tires aren’t just nice to have; they can make a big difference when you’re driving through all four seasons.

2. Timing can work in your favor

Many dealerships offer summer promotions to clear out current-year inventory and make room for new models. Keep an eye out for incentives like cash rebates or manufacturer discounts. If you’re flexible on the exact model or trim, these deals can work to your advantage.

3. Understand key terms before you walk into a dealership

Here are a few terms to brush up on:

  • MSRP: The Manufacturer’s Suggested Retail Price – the starting point for negotiation.
  • APR: Annual Percentage Rate, which is the total cost per year of borrowing.
  • Trade-in value: The amount a dealer is willing to offer for your current vehicle.
  • Down payment: The amount of money you’re putting down upfront to lower your loan amount.
  • Loan term: The number of months you’ll be repaying your loan. A longer term usually means lower monthly payments, but more interest paid over the life of the loan.

4. Explore your financing options early

One of the smartest things you can do before heading to the dealership is get pre-approved for financing. It gives you a clear sense of your budget, strengthens your negotiating power, and helps you avoid being locked into less favorable terms on the spot.

At Central One, we offer pre-approval to help you feel more prepared and confident when you’re ready to buy. It’s a simple step that can make a big difference—especially in a fast-moving market.

Check out our Auto Loan Calculator

5. Why credit union financing is a smart move

Financing through a local credit union like Central One often means lower interest rates, fewer fees, and more personalized service than what you’ll find at big banks or dealerships. We’re not here to push a sale; we’re here to guide you toward a financing option that fits your life and your goals.

And because we’re local, we know the market; and we know what New England drivers are up against, from rough roads to harsh winters.

Learn more about Central One

Make your car search easier with our complimentary Auto Advisor service

We know that car shopping can be overwhelming, but you don’t have to do it alone. Our free Auto Advisor car buying service connects you with a dedicated expert who will:

  • Help you find the right vehicle that fits your budget and lifestyle
  • Act as a liaison between you and the dealership to make car shopping less stressful
  • Negotiate on your behalf to help you get the best deal
  • Assist with paperwork to make the process as smooth as possible

See how our Auto Advisor Car Buying Service can help you

Finance through Central One and enjoy the freedom of no payments for up to 90 days this summer

If you finance your new or used vehicle with Central One this summer, you can enjoy up to 90 days before making your first payment. That’s three whole months to get behind the wheel, settle into your new ride, and enjoy the open road; all with a little more breathing room in your budget.

Ready to hit the road?

Talk to us about pre-approval or let our Auto Advisor help you find the perfect vehicle. No pressure. Just people-first financing that puts you in the driver’s seat—on your terms.

Apply for your Auto Loan now or Contact us

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Ice Cream Day Dates

All Ice Cream Day events are from 4:00 – 6:00 pm.

June 12th- Auburn Branch, 63 Southbridge Street

July 24th- Westborough Branch, 40 South Street

August 7th- Northborough Branch, 148 Main Street

August 21st- Milford Branch, 82 Prospect Street.

August 28th- Shrewsbury Branch, 714 Main Street

 

August 15th- Worcester (Saint Vincent Hospital) Branch – We’ll be serving Goody’s Kettle Corn at the branch all day!

Food Truck Dates

All Food Truck Events are from 11:00 am – 1:00 pm.

July 12th- Westborough Branch, 40 South Street: Tacoborough Food Truck

August 9th- Shrewsbury Branch, 714 Main Street: Savage Wraps Food Truck

August 14th- Worcester (Saint Vincent Hospital) Branch – Garden Fresh sandwiches in-branch

August 23rd- Auburn Branch, 63 Southbridge Street: Bird’s Nest Panini Food Truck

September 6th- Northborough Branch, 148 Main Street: Tacoborough Food Truck

October 4th- Milford Branch, 82 Prospect Street (Route 140): Braised Food Truck

Adjustable Rate Mortgages

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application. Payments do not include taxes and insurance. 

    Begin the Application Process Check Rates

  • The 15/5 Adjustable Rate Mortgage offers a fixed APR of for the first 15 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 40 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application. Payments do not include taxes and insurance. 

     

    Begin the Application Process Check Rates

  • The 10/5 Adjustable Rate Mortgage offers a fixed APR of for the first 10 years then adjusts to a new rate every 5 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 5/1 Adjustable Rate Mortgage offers a fixed APR of for the first 5 years then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies, or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 3/3 Adjustable Rate Mortgage offers a fixed APR of for the first 3 years then adjusts to a new rate every 3 years.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30-year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

  • The 1/1 Adjustable Rate Mortgage offers a fixed APR of for the first 1 year then adjusts to a new rate every 1 year.

     

    Term: Available for terms up to 30 years.

    Rate caps: 2% per adjustment and 5% over the initial rate for the life of the loan.

    Benefits: Central One’s ARMs often have lower down payment requirements, lower initial monthly payments and lower initial APRs than a 30 year fixed rate.

     

    Calculate your monthly payment using the ARM Mortgage Calculator

    Prior to applying, please make sure your credit is not frozen by the credit reporting agencies or we will not be able to process your application.

     

    Begin the Application Process Check Rates

Order Checks for your Home Equity Line of Credit (HELOC)

You can order checks through this link Order Checks or by calling 800-355-8123. You will need to input your account number and the Central One routing number (211387169). As a security precaution, you will not be able to change the address on the checks and all orders will be sent to the address of record on the account.

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Join us for Community Shred Day on Saturday, 10/18, from 9 AM–12 PM at our Auburn Member Support Building, 41 Southbridge St.