Paying off car finance with credit card

Sazzy87

Hi

I'm looking for some advice on paying off my car finance as I’m currently paying monthly and coming to the end of the PCP with a balloon payment of £3,800 due in July 2016. I originally opted for PCP as I'd planned to change the car every three years but my situation has changed now and I no longer need a car.
I can't hand the car back as I’ve gone way over the mileage so my only option is to buy it and then sell it on. My plan was to use my credit card and cash to cover the outstanding amount.



Questions:
1. Will the finance company accept payment on a credit card?

2. As my credit card limit is £3,400 will they accept a cash payment alongside this?
3. If the above is not an option will i have to get a loan?

Any help would be appreciated as I’m pretty clueless!!

Thanks

YorkshireBoy

1. Possibly (is the best answer anyone here can give!). Why not ring them and ask?

2. Why wouldn't they?

3. No. You could try applying for a money transfer credit card...

http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

jonesMUFCforever

Which finance company?

I know Ford does not accept credit card payments.

Nebulous2

Depending on your credit card you may already have a money transfer offer. Barclaycard send them out regularly to many of their cardholders, for instance.

If you do take a 0% money transfer offer dont then use the card as well until you have paid it off. So if you only have one card you might want to apply for another anyway.