Xcelerate Auto, a Texas-based provider specializing in electric vehicle (EV) leasing, financing, and warranty solutions, has launched an innovative payment option for its XCare EV Protection plan. In collaboration with Service Payment Plan (SPP), Xcelerate now offers customers a convenient, interest-free payment plan that requires no credit check and features transparent online pricing. This initiative is particularly timely as used EVs become more accessible, allowing buyers to secure affordable extended warranties with only a 20% down payment followed by 11 monthly installments. Given the high repair costs associated with crucial EV components, such as high-voltage batteries and drive units, this new payment structure alleviates financial burdens and enhances the feasibility of EV ownership. With average claims exceeding $1,200, XCare EV Protection ensures comprehensive coverage for essential components, addressing concerns over unexpected repair costs. K.J. Gimbel, CEO of Xcelerate Auto, emphasizes the mission to lower barriers to EV ownership through this accessible warranty solution.
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