Q-Finance

Q-Finance: motor finance broking and dealer support from Durham

Q-Finance is the trading name of Quorum Fleet Solutions Ltd, a company authorised and regulated by the Financial Conduct Authority (FRN 736148). Its activity is divided into two lines: arranging vehicle finance for private customers and providing a growth platform, Dealer+, for motor dealers. The company states that it is a credit broker, not a lender, and that it works with a panel of more than 35 lenders.

The firm reports having handled over 50,000 finance applications, funded £480 million to date, worked with more than 1,500 dealer partners and been in business for 12 years. It also cites an average enquiry uplift of 42% for dealers, figures that the site itself marks as awaiting client confirmation.

Finance for private customers

For individuals, Q-Finance arranges finance on cars, vans, bikes, motorhomes and other vehicles. The process it describes runs from an online application to vehicle selection, a search across its lender panel, presentation of finance options and, finally, collection of the vehicle. The company highlights that the initial eligibility check is a soft search with no impact on the customer's credit score and that decisions from lenders are fast.

Its website includes a finance calculator that produces an indicative monthly figure for hire purchase. The example shown uses a £15,000 vehicle price, a £1,000 deposit and a 48-month term, with £14,000 of credit at an illustrative 9.9% APR, 48 monthly payments of £351.57 and a £1 option-to-purchase fee. The site stresses that this is an illustration, not a quote or an offer of credit, and that the final rate depends on the customer's circumstances and the lender.

Q-Finance states that its rates start from 8.9% APR and publishes a representative example: £8,000 borrowed over 60 months at a representative APR of 18.8%, payable at £200.34 a month, with a total cost of credit of £4,020.11 and a total amount payable of £12,020.11. It also notes that it receives commission from lenders, that the amount and basis can vary between lenders and products, and that these arrangements may affect the amount payable under the agreement.

Dealer+ platform for motor dealers

For dealerships, Q-Finance offers the Dealer+ growth platform, which includes the option to offer finance under its regulatory permissions. The company presents two routes. Under Appointed Representative status, the dealer's staff present and arrange finance as part of the sale, working under Q-Finance's permissions with its training and supervision. Under Introducer Appointed Representative status, the dealer hands the customer over and Q-Finance handles the process, with lighter onboarding and a narrower boundary of activity.

The dealer onboarding sequence described on the site consists of booking a demonstration, meeting the onboarding team, setting up the account, activating finance and starting to receive enquiries. The platform is complemented by Composer DMS and Introducer Services, which appear among the dealer-facing resources.

Guides and customer information

The site includes a section of plain-English guides covering hire purchase versus PCP, the credit score needed for car finance, borrowing limits and the documents required for an application. It also addresses common questions such as whether checking eligibility affects the credit score, whether used vehicles and private sellers can be financed, the deposit required and early settlement of finance.

Q-Finance states that it helps more than 15,000 UK drivers a year and displays a rating of 4.9 out of 5 stars based on the reviews shown on its site. The published testimonials refer to fast turnaround, communication during the process and savings compared with dealership finance.

Regulatory framework and company details

Quorum Fleet Solutions Ltd, trading as Q-Finance, is registered at Suite 2, Alexander House, Durham, County Durham, DH7 8XL. The company lists VAT number 250859686, company number 08568342, FCA number 736148 and ICO number ZA498269. It states that all finance is subject to status and income, that a written quotation is available on request and that it acts as a credit broker rather than a lender.