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Extended Warranties Are Surging: Why More Americans Are Protecting Their Vehicles Instead of Trading Them In 2025
Providence, RI – April 26, 2025 – Amid rising vehicle prices, escalating interest rates, and economic uncertainty, a growing number of American drivers are choosing to protect their current vehicles rather than purchasing new ones. FactoryProtect.com, a trusted online source for vehicle service contracts, reports a remarkable surge in consumers opting for extended protection plans in early 2025. "We've observed a 38% increase in customers selecting vehicle service contracts compared to this time last year," said Michael Bernardo, Director of Marketing at FactoryProtect.com. "With vehicle prices at historic highs and financing becoming increasingly costly, investing in protection for an existing car is simply a smarter financial decision for most consumers." FactoryProtect.com is proudly affiliated with Steingold Volvo Cars of Pawtucket, Rhode Island, a reputable Volvo retailer serving the Northeast since 1934. Steingold Volvo Cars is the official selling dealer behind FactoryProtect.com, ensuring that all plans offered are backed by trusted automotive expertise. Through FactoryProtect.com, consumers can instantly compare comprehensive pricing and coverage options from two of the industry's most respected providers: Fidelity Warranty Services and CNA National. Customers gain access to exclusionary, stated-component, and tire & wheel protection plans with some of the most competitive nationwide discounts available. Recent studies by AAA and J.D. Power show that repair costs have risen by over 30% in the past three years, making extended protection plans more essential than ever. FactoryProtect.com simplifies the buying process by offering real-time quotes online, eliminating the pressure of dealership upselling. To learn more and to receive an instant free quote, visit: https://steingoldvolvocars.factoryprotect.com/get-free-online-quote.html Media Contact: FactoryProtect.com | Steingold Volvo Cars Michael Bernardo, Director of Marketing Phone: 401-723-4700 Email: [email protected]
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Selling Dealer:
Steingold Volvo Cars
766 Broadway | Pawtucket, RI 02861
401-723-4700 | www.steingoldvolvocars.com
Plans Administered by:
Fidelity Warranty Services, Inc.
P.O. Box 8567 | Deerfield Beach, FL 33443
Dealer #82291 & #07308 (FL)
1-800-327-5172 | www.fidelitywarrantyservices.com
Steingold Volvo Cars
766 Broadway | Pawtucket, RI 02861
401-723-4700 | www.steingoldvolvocars.com
Plans Administered by:
Fidelity Warranty Services, Inc.
P.O. Box 8567 | Deerfield Beach, FL 33443
Dealer #82291 & #07308 (FL)
1-800-327-5172 | www.fidelitywarrantyservices.com
FactoryProtect.com® uses the terms ‘Warranty’ and ‘Extended Warranty’ with ‘Vehicle Service Contract’ and ‘Extended Service Contract’ for marketing purposes only. A Vehicle Service Contract (VSC) is often referred to as an “auto warranty” or an “extended car warranty,” but it is not a warranty. A VSC does, however, provide repair coverage for your vehicle after the manufacturer’s car warranty expires. A VSC is a contract between you and a VSC provider or administrator that states what is a covered repair and what is not. Not all vehicles qualify for coverage; FactoryProtect.com® does not offer VSCs in California. FactoryProtect.com® is a website developed for marketing and informational purposes only. FactoryProtect.com® does not process or sell VSCs directly, as all VSCs offered on FactoryProtect.com® are processed through our Selling Dealer.