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Paying off car finance with credit cards
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For more on marking an answer as the "Best Answer", please visit our FAQ.Credit card cheque or a cash advance from credit card, though both are quite expensive.
If it helps - you have a loan agreeement with Black Horse not a Hire Purchase agreement - this means that you can sell the car without informing black horse. They are not allowed to register on HPI (Hire Purchase Interest register).
They obvioiusly don't want you to do this but there is nothing they can do about it.
Sell the car then pay off the loan
Mum did say she would get a cheque for her card and I'll pay her the extra.
The only reason I hadn't planned to sell the car outright was because the car would have outstanding finance associated with it ... I thought this was a no-go? Although it's a loan it was through a car dealership and is associated with the vehicle?
Wish I'd bought a blimmin' pushbike!
Without going too much in depth, Lloyds do not offer HP terms - only loans. This means that despite the fact that you had the loan for a car, it remains a loan. This means that you can do whatever you want with the car.
When people refer to finance outstanding on a car, they are referring to HPI whcih is where companies can register an interest if they have secured their agreement against the vehicle. This only applies to Hire Purchase agreements.
Sell the car - and then settle the loan (or you can keep paying monthly installments and use the money for something else).