Asbury Park, New Jersey, March 28, 2018 (GLOBE NEWSWIRE) -- According to the rising number of Royal Protection Plan and Palmer Admin Reviews, the high expense of maintaining newer car models have increased the popularity of extended auto warranties. It's really no surprise; costly repairs are a byproduct of the technological advances in today's cars, and it's only getting worse.
Consumer Reports warns, once the initial warranty period is over, out-of-pocket expenses can skyrocket. For years, extended auto warranties have been a controversial bet, and almost 55% of consumers would say they never used the extended warranty. Fast forward to 2017, and that number drastically dropped down to just 30%. The cost of owning a new car today has increased more than owners can fully appreciate.
Many auto manufacturers, including domestic and foreign are using new computer modules, and more elaborate systems and sensors, that if defective, can leave you at a disadvantage. Information like Royal Protection Plan reviews reveal that on average, consumers save thousands in repair costs over the lifetime of owning their vehicle. Among the respondents who used their policy, the average direct savings in repairs covered by the extended warranties can be upwards of $2700, which is often double the price of a typical policy.
This may be part of the reason why satisfaction with extended car warranties, like those at Royal Protection Plan Reviews - www.royalprotectionplan.com, have shifted in the last few years. It also explains why nearly 72% of respondents said they would definitely buy it again.
Available for new and used vehicles, extended warranties are generally purchased as an additional safety measure for car buyers, reducing the risk of costly repairs that may not be covered by the factory warranty. Automobiles are one of the most expensive assets, after a home, so it certainly makes sense to buy an extended warranty, to have peace of mind.
Another issue for most car owners today is that, with the number of years you're able to lease or get a loan for your vehicle, it makes more sense than ever to buy an extended warranty. Today, you can get a 5-year loan, which means your manufacturers warranty will have been expired, leaving you to roll the dice on whether or not you'll succumb to risky, expensive repairs.
You want to save on money for that new or used car purchase?
Keep your vehicle for a longer period of time instead of changing it or updating it every two years. You'll find the new car costs increase every year, but the cars depreciate quickly. Also, when purchasing a vehicle, take time to look over what your current warranty covers and compare to those featured on www.royalprotectionplan.com, and also, review how long the warranty lasts. Bottom line, it's not as good as you think. Thus a big reason car buyers choose to purchase extended car warranties.
But remember, when it comes to most Royal Protection Plan reviews, consumers agree that these extended warranties save you money in the long run. It's better to protect yourself early, than running into a major money problem in the long run.
For more information visit www.royalprotectionplan.com or Palmer Adminstration at: PalmerAdmin.com