Difference Between Warranty and Guarantee

Difference Between Warranty and Guarantee

We can assure you with 100% certainty that this doesn’t go on about in the brains of a lot of people. What is the difference between warranty and guarantee? This question doesn’t even pop in our heads when we’re out shopping for a cool new gadget for our home. Now you must be confused at this point, thinking about whether there really is a difference or not.

Well let us start by confirming your doubts about this question. These two may be the most thrown around words in the market especially at electronic stores. Well, obviously, who wouldn’t be concerned about their brand new 1000$ refrigerator that they are about to acquire.

Now even though we intend to highlight the difference between warranty and guarantee. We will provide one similarity. Both of these terms are intended for assurance purposes.

Definition of Warranty

Warranty is a formal consensus, that is agreed upon in writing. If you are to recall that each time you buy anything worth of significant value or an operating good, you are provided with a paper which states that the bought product will work for such and such period with such and such intended purpose.

In the event the product fails you at any time during this time-period, you may contact the producer and ask for a replacement as per the written consensus you agreed. At this point, you are most probably wondering is that even a difference between guarantee and warranty? Just bear with us all will be clear.

Definition of Guarantee

Guarantee is an informal consensus. Just like before, if you recall each time you buy anything of significant value or an operating good, there is this annoying salesman who keeps pushing you to buy it till the point you actually buy it.

Well, what is being seen as annoying behavior is actually the practice of providing guarantee. This is just a word of tongue intended to put you at ease with your acquired goods. So, in essence the main difference between guarantee and warranty lies in one being said by tongue and the other being written by hand.

Warranty vs Guarantee Comparison Table

Basis of Comparison Guarantee   Warranty  
Mean A verbal consensus, which reaffirms working standard of purchased goods and in case of defect permits refund/replacement   A written consensus, which reaffirms working standard of purchased goods and in case of defect permits refund/replacement  
Nature   Assuring Committing  
  Applies to   Goods/Services Goods
Charges   Free Included

Conclusion of the Main Difference Between Warranty vs Guarantee

Now this question of what is the difference between guarantee and warranty bobbing inside your head should be sufficiently answered. We would like to end this discussion by informing you that the difference is not that matters, but what matters is your ease and satisfaction.

It’s not necessary which of the two terms provide you with comfort during your purchase of an intended item. You may be given either of the two or both, but don’t proceed with the transaction until complete satisfaction is achieved.