I have found the Fender warranty to be outstanding. I have a PRRI which had some cabinet vibrations. I brought it to a Fender authorized amp tech who reinforced the baffle to get rig of the rattle - all under warranty. After another couple years the input jacks wore out - maybe it was my fault for stepping on a chord, i don't know, but he replaced both courtesy of Fender . . . no questions asked and did not cost me a dime. I still have 2 years to go on the 5 year warranty. I am confident that any problem with the amp will be fixed or amp replaced as long as it was not caused by be spilling water in the chassis, or something obviously caused by neglect or abuse. The speaker is only covered for a year, but I put a Weber in anyway, so . . . there's that. Also, the 5 year warranty is transferable. Not sure about the new terms though.