Xcelerate Auto Expands Access to Comprehensive EV Warranty Coverage
Xcelerate Auto, a Texas-based leader in EV leasing, financing, and warranty services, has introduced a new payment option for its XCare EV Protection plan. Through an exclusive partnership with Service Payment Plan (SPP), customers can now purchase the protection plan with an interest-free payment option. This new offering does not require a credit check and features transparent pricing available online, making it easier and more accessible for EV owners to protect their vehicles. By reducing financial barriers and enhancing convenience, Xcelerate Auto continues to demonstrate its commitment to supporting the growing EV market with innovative solutions.
Xcelerate Auto’s new payment plan for the XCare EV Protection plan offers a practical solution for buyers of used electric vehicles (EVs), making extended warranties more accessible. With just 20% down and 11 additional monthly payments, customers can secure comprehensive coverage for essential and expensive EV components, such as high-voltage batteries and drive units. These components, which can cost around $17,000 and $6,000 respectively to repair, often discourage potential buyers due to the high financial risk. This new structure reduces upfront costs, providing peace of mind and making EV ownership more feasible for a wider audience.
The XCare EV Protection plan specifically targets critical EV components, which are costly to repair but vital for vehicle longevity. On average, claims under the plan exceed $1,200 per occurrence, underscoring the importance of this coverage. While EVs generally require less maintenance than traditional combustion engine vehicles, Xcelerate’s solution addresses concerns about unexpected repair expenses, ensuring drivers are well-protected and confident in their EV ownership experience.
“At Xcelerate, our mission has always been to lower the barriers to EV ownership. This new payment plan for XCare EV Protection aligns with our goal of providing accessible, affordable warranty solutions for a growing market of used EV buyers,” said KJ Gimbel, CEO of Xcelerate Auto. “Through our partnership with SPP, we’ve crafted an offering that removes financial barriers, giving more EV owners the peace of mind that comes with comprehensive coverage.” According to Charlie Hymen, President of SPP, “it’s an honor to support Xcelerate’s mission to bring this valuable protection to EV owners everywhere. We’ve been struck by Xcelerate’s obsession with improving the customer experience at every turn and look forward to being part of their exciting journey ahead.”
Headquartered in McKinney, TX, Xcelerate Auto, LLC is a leading provider of leasing, financing, and warranty solutions tailored specifically to the electric vehicle (EV) market. Initially focused on leasing and financing, Xcelerate has broadened its services to include the XCare EV Protection plan, a comprehensive warranty designed to meet the distinct needs of EV owners. With innovative offerings and a customer-first approach, Xcelerate is dedicated to accelerating EV adoption by delivering a seamless and secure ownership experience.
Service Payment Plan (SPP) is a trusted provider of interest-free payment solutions, offering flexible and transparent payment structures for vehicle service plans. By allowing customers to pay over time without credit checks or hidden fees, SPP makes critical vehicle protection plans accessible and affordable, helping to reduce financial barriers for drivers.
For more details on XCare EV Protection and its new payment plan, visit www.xcare.com.
