September 27, 2022 09:00 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–Tenet, the leading EV financing platform, today announced a partnership with Xcelerate Auto, a financial technology company with an emphasis on electric vehicles, to couple its EV extended warranty into Tenet’s loan options.
“Working with a company whose mission aligns with ours to revolutionize the EV buying experience is the perfect complement to what we do at Tenet,” said Alex Liegl, CEO and Co-Founder of Tenet. “We are excited to partner with KJ and the Xcelerate Auto team to make Teslas and all EVs more affordable, and look forward to ushering in the mass adoption of electric vehicles.”
Xcelerate Auto designed the first and only Electric Vehicle Service Agreement for Tesla in 2019, and with this partnership, Tenet customers will now have access to package XCare with their current loans. XCare, a comprehensive exclusionary service coverage, is the highest level of coverage that a vehicle qualifies for outside the manufacturer’s warranty, meaning Xcelerate Auto will cover the entire vehicle with the exception of certain excluded items. Since XCare was originally built for Tesla, it was designed to work around Tesla’s direct-to-customer service model, so owners will not have to worry about servicing their vehicles in any different way than intended by Tesla Service.
“We couldn’t be more excited for this partnership and the opportunity to provide products like XCare EV Protection to Tenet and its drivers,” said Xcelerate CEO KJ Gimbel. “The moment we met the Tenet team, we recognized the same mission-driven mentality in each other and knew this was the perfect recipe to collaborate. We expect big things to come and can’t wait to work together on our shared mission of making EVs affordable for the average consumer.”
To learn more about how to save on purchasing an electric vehicle, visit www.tenet.com.