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
An earlier default had left the operator with rent-to-own as the only available structure. After the credit file recovered, the expensive arrangement no longer reflected the company's conduct or position.
Credit file
Approximately 700 score after recovery; truck rental paid perfectly.
The approach
What X Lend did
X Lend presented the current trading figures, clean rental history and new freight contract to a specialist heavy-vehicle lender and refinanced the existing arrangement.
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 9.59%, reducing the ongoing cost and moving the truck into proper business ownership.
Historical outcome only. Rates and policy can change, and every application is assessed on its own circumstances.
Documents used
Evidence supplied
- Financial statements
- Interim management accounts
- BAS
- Freight contract
- Truck valuation