wow... so many replies oredi... am currently in China so dun have much time to check the forum...
i've checked on my car details via onemotoring...
OMV = $15k
COE = $14.5k
Loans (6yrs) outstanding = ~$21k
Car price (Dec 05) = $59.5k
Yesterday, the TC SE called me that my trade off value would be about 35k... not sure what it means...
Roughly, what it means is that you can sell your car for 35K. As you still owe the bank 21K, you can take back 14K.
Actual amount you owe the bank should be less because of interest rebate. To work out the actual interest rebate, need to know your monthly installment amount, number of months of outstanding installment left (should be about 43 months) and total loan period (should be 72 months since you mentioned 6 year loan). This means you can take back > 14K.
Depreciation of your car over 2.5 years is about 24K (excluding interest).