Xcelerate Auto, a Texas-based leader in EV leasing, financing, and warranties, has launched a new interest-free payment plan for its XCare EV Protection. Partnering with Service Payment Plan (SPP), Xcelerate offers this plan with no credit checks and transparent online pricing, making extended warranties more accessible for used EV buyers.
With just 20% down and 11 monthly payments, customers can secure coverage for critical EV components like high-voltage batteries and drive units, which can cost up to $17,000 and $6,000, respectively, to repair. This flexible option lowers the financial barrier for used EV ownership while ensuring protection against high repair costs.
“Xcelerate’s mission is to make EV ownership accessible,” said CEO KJ Gimbel. “This payment plan removes financial hurdles, offering peace of mind to more EV buyers.” Charlie Hymen, President of SPP, praised the partnership, highlighting Xcelerate’s commitment to enhancing the customer experience.
XCare EV Protection covers essential EV components, with average claims exceeding $1,200. While EVs require less maintenance than traditional vehicles, Xcelerate ensures owners are safeguarded against unexpected expenses, supporting broader EV adoption.
Xcelerate Auto, based in McKinney, TX, is a pioneering leader in the EV market, offering leasing, financing, and innovative warranty solutions to streamline and secure EV ownership.
