A ‘warranty’ is an obligation, which is legally implied and factually stated by the seller at the time of selling a good or service. The warranty states a kind of replacement or repair of the good or service. In legal and business transactions, a warranty is a guarantee by a party to the other. It is of various types including the implied, express and lifetime.
Similarly, a new car warranty is a promise given by the manufacturer to the customer describing that the vehicle is free from defects. Also, that the manufacturer will replace or repair the defective parts whenever need arises. But not every new car warranty is equal in the services they provide. Though some covers the items, which are non-wear up to three years or 36000 miles while, others cover the repair up to 10 years or 100,000 miles.
Usually, a typical new car warranty is of two types such as the ‘bumper to bumper’ and the ‘power train’. Although the former covers various things except the wear items such as tires and brakes, the latter covers all the parts of a car such as the engine.
So, while planning which car to buy, make sure that you are checking the auto warranty coming with it.