Examples of Warranty A manufacturer offers a warranty on a new computer, promising to repair or replace it within one year of purchase if it fails due to any manufacturing defect. A car dealer sells a used car with a 6-month warranty that covers all major mechanical components. If any of...
A warranty can be defined as a contract of obligation that is signed by the seller for covering any repairs or replacements in the article sold, for a stipulated time period. Most electronic/electrical products are sold with warranty. Similarly, new car warranty is a manufacturer's warranty tha...
A car warranty is a contract where the manufacturer or warranty company agrees to cover certain repairs to a vehicle for a specific period of time. Most new cars come with a manufacturer’s warranty which covers the cost of repairs due to malfunctions on the manufacturer's end. This warran...
Returns Consumers should note that they must directly communicate with the company that created the product. The nature of a factory warranty indicates that the manufacturer, not the retailer, is at fault. A consumer needs to contact a customer service number to discuss the warranty. Most motor ...
The MINI Cooper is spunky and fun to drive. Italso comes with a comprehensive manufacturer’s warranty that covers repair costs for the first few years of ownership. But what happens after the standard warranty expires? Read on to find out how you can prevent expensive repairs from burning th...
What is a Warranty? Types of Warranties Magnuson-Moss Warranty Act Lesson Summary Frequently Asked Questions What is the purpose of warranties? The purpose of a warranty provides assurance to the consumer for the products they purchase from a manufacturer or seller. It gives them confidence in the...
While a typical plan from a car manufacturer can cover the basic parts of your car’s drivetrain, it isn’t usually customizable to fit your personal needs and preferences. Many expire after 100,000 miles, a time when your car is especially susceptible to problems. ...
Car manufacturers use a powertrain warranty as an influential tool to attract buyers. The features of this warranty can significantly influence the bottom line cost when it comes to car repairs. If you plan to purchase a vehicle, read the fine print of
Your car will generally be covered by a manufacturer's warranty. You don't need to worry about selling or trading in the vehicle at the end of the lease.What Are the Disadvantages of Car Leasing?Leasing a car isn't for everyone, nor is it always a great idea: ...
contract is, what it typically covers and how much you can expect to pay for this vehicle protection. We’ve evaluated thebest extended car warrantycompanies to help you find the most suitable option for you, and we recommend comparingmultiplefree quotes before deciding on a vehicle service ...