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krishnaiyer v | Difference between warranty & guaranty? |
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smiling
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Definitions of guarantee on the Web:
give surety or assume responsibility; "I vouch for the quality of my products"
make certain of; "This nest egg will ensure a nice retirement for us"; "Preparation will guarantee success!"
a written assurance that some product or service will be provided or will meet certain specifications
undertake: promise to do or
accomplish; "guarantee to free the prisoners"
a pledge that something will happen or that something is true; "there is no guarantee that they are not lying"
stand behind and guarantee the quality, accuracy, or condition of; "The dealer warrants all the cars he sells"; "I warrant this information"
a collateral agreement to answer for the debt of another in case that person defaults
Definitions of warranty on the Web:
A promise, either written or implied, that the material and workmanship of a product are without defect or will meet a specified level of performance over a specified period of time. Written warranties on new homes are either backed by insurance companies or by the builders.
In commercial and consumer transactions, a warranty is an obligation that an article or service sold is as factually stated or legally implied by the seller, and that often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty ...
hope this helped |
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Gudsud55
 |
"Guarantee" is a unlimited assurance, where as "Warranty" is a conditional assurance regarding performance of product.
In business 'W A R R A N T Y' is in practise.
Warranty, is free or extended at cost for a extended period. |
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sumeet s
 |
a warranty on certain item means that if the product does not function as expected then it will be repaired by the company...on the other hand if u get a guarantee on a product...the product gets replaced as a whole in such a case..both are subject to conditions |
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B+
 |
The fundamental differences are rather large. First of all a Guaranty is generally a short term idea. " We guaranty that you will be satisfied or your money back". while a Warranty is longer in "term" and is generally based on the quality of the product and its longevity rather then "simple satisfaction". Thus cars have "limited power train warranties of 60,000 miles or 5 years which ever comes first." This means that if you do every thing the car company tells you to do and it in the time frame (or milage) then they will repair a quality defect at no cost or limited cost to the consumer.
There is another type of guaranty in which the financial aspect of the transaction rather then the quality is at stake. In this type of guaranty, the buyer is given (much as in the first example) a promise of getting his/her money back in the event of a failure in satisfaction over a longer term. Thus tires have limited tread life guaranties in which you can get some money back if the tread of the tire does not last 50K miles provided that you maintained the tires and did not despoil them by your driving habits. Or as in the case of Sears's guaranty of their "Craftsmen" hand tools. If one should break, they will replace it at no charge. This is not a warranty because the tool's failure could be caused by anything, including a fault in its quality.
I hope that the distinction is clear. If not, please ask for further clarification. |
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archana r
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guarentee: If any problem occurs u can replace the entire parts for free of guarantee
Warrenty:they just repair the parts for free
:) |
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PANKU
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Guarantee is the more general of the two words in meaning. It has the sense of assurance both as a noun and a verb.
Warranty is the actual written document that supports the assurance that something will be repaired or replaced without additional cost to the buye |
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