CNN: Hype alert: The real 'Best new car warranty' - Car companies tout some amazing-sounding warranties, but look deeper and they're mostly not so amazing.

By Peter Valdes-Dapena,
CNNMoney.com staff writer

NEW YORK October 3 2007; (CNNMoney.Com, RSS) Chrysler recently instituted a "lifetime" - yes, your lifetime - powertrain warranty for its Chrysler, Dodge and Jeep vehicles. If you're shopping for a car and comparing warranty coverage, "lifetime" sounds tough to beat.

But when you break down the numbers in light of how long most people own their cars, most warranties, including Chrysler's, end up being pretty much the same as their competitors.

The exception are Hyundai and its Korean sister-brand Kia. Hyundai made a splash in 1999 when it introduced a 10-year, 100,000 mile powertrain warranty. Of all the major non-luxury car brands out there, Hyundai and Kia are still the only ones with a warranty package that's materially better than the rest.(Continued)