Yes, sell your car and furnishings and then go to the bank and offer them this amount plus whatever end-of-contract gratuity you might be owed. Banks will often take what they can get if it's a reasonable offer. And let this be a reminder to others - don't take out big loans that you do not have an alternative way of repaying if you lose your job. Not to pick on this gentleman, but 60,000 for a car is quite a bit. You can get a used car for half of that.