it's non transferable. the average person gets a new car every 3-5 years. that means it's likely minus maintenance and a few bad apples here and there, most dealers won't be doing crazy warranty work, and once the car gets traded in, boom. no more warranty. by the time the 2nd owner gets it, it will likely have under 100k miles, but it will be in prime territory for things to start messing up, esp if it's a dodge
also likely to be stricter against modification too.
this is exactly what happens. i was just going to explain this but he took care of it for me. if you have the money to buy a new car chances are your not going to keep it more than a few years. by that time you trade it in and warrenty is over. so its easy to throw the term "lifetime warrenty" around.