Verified and reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 24 August 2026 · About Corey
What needed to be solved
The customer had accepted dealership finance at 10.5% through a dealership with only one available lender. The existing loan also carried a $15 monthly account fee.
Credit file
Approximately 600 score; renter with an otherwise serviceable profile.
What X Lend did
X Lend compared the remaining 49-month term and arranged a like-for-like refinance with a non-bank lender offering a lower rate, no monthly account fee and no exit fee.
The 2020 vehicle refinance submission was matched to non-bank lender and moved from application to settlement in 3 days.
Settled outcome
Approved on the first lender enquiry and settled at a historical rate of 7.8%, down from 10.5%, while removing the monthly account fee and future exit fee.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Evidence supplied
- Standard income documents
- Existing loan history statement
- Vehicle and payout details