Chrysler Drops Lifetime Powertrain Warranty Guarantee

Chrysler will instead provide a 5-year, 100,000 mile guarantee. Powertrain warranties usually cover problems with the engine, transmission and other driveline components.

A Chrysler spokesman said the decision was made because consumers prefer warranties with a fixed time period.

We're not sure what kind of bizzaro world Chrysler is living in, but if offered a choice, why would consumers prefer a limited warranty? That just doesn't make sense.

On the plus side, the new warranty program now includes the SRT and Viper models. In addition, the warranties will be transferable to new owners if the cars are sold before the warranty runs out. The previous lifetime warranties did not allow transfership to new owners.

This could increase the residual values of future Chrysler models and make leasing a tad bit cheaper.