AUTOMOTIVE WARRANTY

LIFETIME WARRANTY

A lifetime warranty is a guarantee on the lifetime of the product. This is not to say that the product is guaranteed for the lifetime of the consumer. This type of warranty is generally assessed on a case by case basis by the distributor and the supplier. For instance, a backpack that has been purchased ten years ago and has some minor defects due to wear and tear may not be covered. However defects due to construction may be covered.

Car warranty

A car warranty extends from a minimal 1 year, more common 3 year and extended 5 years (Lexus offer a 4 year warranty, by default).

Crate Engine manufacterers also give warranties based on the manufactures' warranties and workmanship warranties.

Some companies also offer Extended Warranties or Used Car Warranties for vehicles up to 12 years old. You can usually buy a warranty direct from an insurance company or insurance coverholder. See companies such as http://www.warrantywise.co.uk

USED VEHICLE WARRANTY

A full or limited warranty doesn't have to cover the entire vehicle. The dealer may specify that only certain systems are covered. Some parts or systems may be covered by a full warranty; others by a limited warranty.

The dealer must check the appropriate box on the Used Car Buyers Guide to indicate whether the warranty is full or limited and the dealer must include the following information in the "Warranty" section: the percentage of the repair cost that the dealer will pay. For example, "the dealer will pay 100 percent of the labor and 100 percent of the parts ..."; the specific parts and systems � such as the frame, body, or brake system � that are covered by the warranty.

Reference: http://wiki