The Hidden Costs of New Car Ownership in 2025 — And How Extended Protection Plans Are Saving Drivers Thousands

The Hidden Costs of New Car Ownership in 2025 — And How Extended Protection Plans Are Saving Drivers Thousands
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Providence, RI – April 26, 2025 – The dream of new car ownership in 2025 comes with an increasing number of hidden costs, including skyrocketing maintenance, insurance premiums, higher registration fees, and unexpected repair bills. With average new car prices nearing $50,000, many consumers are reconsidering the long-term affordability of ownership.

FactoryProtect.com, an online leader in vehicle protection plan comparisons, is helping drivers combat these hidden costs by offering instant access to extended vehicle service contracts from industry leaders Fidelity Warranty Services and CNA National.

"Many consumers overlook the financial burden that begins after the initial purchase," said Michael Bernardo, Director of Marketing at FactoryProtect.com. "By proactively securing extended protection, drivers can better manage repair expenses and avoid sudden out-of-pocket costs."

FactoryProtect.com operates under the trusted Steingold Volvo Cars umbrella, delivering the same high level of service and reliability that the dealership has been known for since 1934. As the official selling dealer, Steingold Volvo Cars ensures that every policy offered through FactoryProtect.com meets rigorous quality standards.

The site’s intuitive quoting tool enables consumers to review multiple plans side-by-side in minutes, offering clear explanations of coverage options such as exclusionary plans, stated-component coverage, and road hazard protection.

According to Edmunds, the average cost of vehicle repairs has risen by 26% over the past 24 months. Protecting against these rising expenses with a comprehensive plan can save consumers thousands over the life of their vehicle.

Consumers can learn more and access instant free quotes at: 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]