Difference Between Warranty And Guarantee

Difference Between Warranty And Guarantee

The major dissimilarities or difference between warranty and guarantee can be highlighted as follows:

1. Introduction

Warranty: It is a written promise or commitment issued to the buyer by the seller to assure the genuineness of the product.

Guarantee: It is a promise made by a producer about the quality, reliability and durability of products or services.

2. Refers To

Warranty: Promise to repair or replace the product in case of any defect.

Guarantee: Promise to replace the product or refund payment in case of any default.

3. Issued By

Warranty: It may be issued by manufacturer, seller or distributors.

Guarantee: It is issued by manufacturers only

4. Beneficial

Warranty: It is less beneficial than guarantee because there is no provision for refund (money back)

Guarantee: It is more beneficial than warranty

5. Applicable To

Warranty: It is applicable to products only

Guarantee: It is applicable to products and services

6. Extra Cost

Warranty: It may involve extra cost and should be borne by the buyer

Guarantee: It does not require any extra cost

7. Formal Or Not

Warranty: More formal

Guarantee: Less formal

8. Consumer Right

Warranty: Consumer right is not protected

Guarantee: It protects the consumer right.

Warranty Vs Guarantee (Comparison Chart)

Basis	Warranty	Guarantee
Introduction	Commitment to assure the genuineness  of  products	Promise about the quality and durability of products
Promise	To repair or replace the defected product	To replace the product or money back
Issued By	Manufacturers, distributors or sellers	Manufacturers
Beneficial	Less	More
Applicable To	Products	Products and services
Extra Charge	May require	Not require
Formal	More	Less
Consumer Right	Not Protected	Protected

I hope this post is helpful to understand the difference between warranty and guarantee and to make comparison between them.