good will warranty

good will warranty
Normal warranty specifies that a product is covered for manufacturer's defects for a period of time or distance of use. If the item has gone beyond the normal warranty, the dealer may offer some warranty in order to keep your business. The dealer may pick up the costs for parts and labor, or just the labor, or 50% of the overall costs, or just a nominal sum.

Dictionary of automotive terms. 2015.

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  • will warranty — See good will warranty …   Dictionary of automotive terms

  • warranty — The promise made by both the vehicle manufacturer and the vehicle dealer to fix or replace parts on a new vehicle if there is a malfunction before a specific time or distance has elapsed. In some instances some manufacturers or dealers grant… …   Dictionary of automotive terms

  • will — See good will warranty …   Dictionary of automotive terms

  • warranty — war·ran·ty / wȯr ən tē, wär / n pl ties [modification (influenced by warrant ) of Anglo French garantie, from garantir to protect, warrant] 1: a promise in a deed that gives the grantee of an estate recourse (as through an action for damages)… …   Law dictionary

  • Good Housekeeping — is a women s magazine owned by the Hearst Corporation, featuring articles about women s interests, product testing by The Good Housekeeping Institute, recipes, diet, health as well as literary articles. It is well known for the Good Housekeeping… …   Wikipedia

  • warranty — A promise that a proposition of fact is true. The Fred Smartley, Jr., C.A.Va., 108 F.2d 603, 606. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee of any… …   Black's law dictionary

  • Warranty — In commercial and consumer transactions, a warranty is an obligation or guarantee 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 …   Wikipedia

  • warranty — / wɒrənti/ noun a legal document which promises that a machine will work properly or that an item is of good quality ● The car is sold with a twelve month warranty. ● The warranty covers spare parts but not labour costs …   Marketing dictionary in english

  • warranty — / wɒrənti/ noun 1. a legal document which promises that a machine will work properly or that an item is of good quality ● The car is sold with a twelve month warranty. ● The warranty covers spare parts but not labour costs. 2. a promise in a… …   Dictionary of banking and finance

  • warranty deed — noun : a deed containing a covenant of warranty; especially : one certifying that the covenantor has a good title in fee simple free and clear of all liens and encumbrances and that the covenantor will defend against the claims of all persons …   Useful english dictionary

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