Definition of a warranty
A warranty is a legally binding assurance that any problems caused by a defect in the manufacturing of a certain product will be remedied during a certain specified period of time.
The customer will usually pay for the privilege of having a warranty which will usually extend to the following things:
- Accidental damage
- Cost of repairs
- Cost of replacement parts
A warranty for the above things is most common in the case of purchasing electrical products and in most cases a warranty will last for 12 months to two years. In some cases in relation to more expensive goods a warranty may last for up to five years.
Warranties have the same effect as insurance policies, some are even underwritten by insurance companies and are said to give the consumer the peace of mind over the first few years of ownership of a product.
What Rights do I have under the Sale of Goods Act?
Even if you do not have a warranty over goods which you have purchased you will still be provided with statutory rights under the Sale of Goods Act 1979 as amended.
In the absence of a warranty the retailer of the goods is automatically liable for any faults which may develop within the first six months of ownership. Following this initial six month period the consumer will have to prove that any faults occurring are not down to misuse of the product or general wear and tear. Other factors such as the price paid, the specification or the model of the goods, the length of time you have had the goods and the length of time which they should last.
This means that if you have purchased a product which should last six years but which has broken down after only two the supplier or retailer will be liable to provide a satisfactory repair.
For more information on:
- What if my warranty has run out?
- Extended warranties
- What is meant by an extended warranty?
- But these rules will not apply in the following circumstances:
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