I have put myself into a bad situation with a car loan of $49,880.70 for a 2011 Kia Sorento. The cost of the loan is 2.17%. I pay $295.53 bi-weekly and have remaining balance of $32,000. I put high mileage on, around 50,000 kilometers per year. I do get a car allowance of $600 a month that is taxable. The value of the vehicle if I were to sell would leave me with a loss of $10-12k. I have a TFSA with $11,000 in it. This is my emergency fund and aside from RRSP's is my only savings. I have $75K in RRSP's and an additional $22K in my work pension. I would welcome any advice on how to get out of this situation. Should I sell and cash in the TFSA and get myself into a less expensive vehicle or ride it out and drive the Sorento into the ground? I am 49 years old. Help!