Verified and reviewed by Corey Marino Founder & Finance Broker, FBAA member M-354085 · Diploma-qualified finance broker
Last reviewed 18 August 2026 · About Corey →
The challenge
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.
The approach
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 application was approved on the first lender enquiry, avoiding unnecessary applications to multiple credit providers.
The result
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.
Documents used
Evidence supplied
- Standard income documents
- Existing loan history statement
- Vehicle and payout details