Chrysler Powertrain Warranty Cut to 5 Years
DETROIT - Chrysler Group LLC will discontinue its lifetime powertrain warranty starting with its 2010 models, reported CNN Money.
The automaker will instead provide a five-year, or 100,000-mile warranty across its product portfolio, according to Chrysler spokeswoman Jodi Tinson, who said the lifetime idea was dropped amid consumer confusion and the inability to transfer the warranty if the car was sold second-hand to another buyer, reported CNN.
Chrysler announced its powertrain coverage for most of its Chrysler, Dodge and Jeep models in 2007, which covered the cost of parts and labor to fix the engine, transmission, and drive system. The move replaced the automaker's three-year or 36,000-mile coverage.
The new warranty covers all models except the Sprinter commercial truck, diesel-powered trucks, and Sterling trucks. The Volkswagen Routan and Mitsubishi Raider built by Chrysler are also excluded.
SRT vehicles and fleet vehicles, such as limos and police cruisers - which weren't covered under the lifetime warranty offer - will be covered by the five-year deal.