What's the difference between warranty and guarentee?

joshҶ has it, but backwards.

Quote: A guarantee: Is usually free It's a promise to sort out any defects with a product or service within a fixed period of time. It's a legally binding contract, even if you didn't pay for it. It must explain how to go about making a claim in a way that is easy to understand. It should add to, not take away from, your rights under consumer law. It works whether or not you have a warranty. A warranty: A warranty is like an insurance policy that you must pay a premium for. Sometimes it's called an 'extended guarantee' It might cover a longer period than a guarantee, and it might cover a wider range of problems. A warranty is a legal contract, so you can take the company to court if they don't honour it. The terms of the contract should be clear and fair. Having a warranty doesn't diminish your rights under consumer law. A warranty can run alongside a guarantee. I'd say they are the same thing :P