A service warranty, also known as a service contract, is an agreement between a consumer and a business. It's a promise that the business will repair or replace any defects that arise during the warranty period.
A powertrain warranty can offer peace of mind and financial protection in case of a major repair. It can also increase the resale value of a vehicle, as a vehicle with a remaining powertrain warranty can be more appealing to potential buyers.
An extended car warranty is a type of service contract that can be purchased to provide additional coverage for your vehicle after the original warranty has expired.