I’M THINKING OF BUYING A BRAND NEW CARAVAN, AND THE DEALER SAYS IT WILL COME WITH A WARRANTY. THAT’S JUST LIKE A GUARANTEE, RIGHT?
Not exactly. The Consumers’ Association distinguishes between the two. It says guarantees are mainly focused on whether a product lives up to your expectations, and are free. Warranties, on the other hand, are more like an insurance policy, and you sometimes have to pay for them.