The Nissan Altima continues to be one of the most popular and least expensive sedans on the market. Even since this car hit the market in 1992, sales have been steady.
Whether you’re interested in the Nissan Altima for its unique style, excellent performance numbers, or available tech options, this sedan is a great choice that comes at an amazing price.
The question must be asked, then, “Why is the Nissan Altima so inexpensive?” Here is what you need to know:
Just How Inexpensive Are They?
The 2021 Nissan Altima currently starts at $24,350, which is pretty normal for a mid-size car. Rivals like the Honda Accord start at $24,970, and the Toyota Camry starts at $25,295.
When it comes to used options, prices look much better. The average cost for a five-year-old Altima is $12,518. That’s a steal when compared to the Honda Accord at $18,896 and the Toyota Camry at $15,964.
Nissan Builds A Ton Of Them
One of the most prominent reasons the Altima is so inexpensive is because it is a popular option as fleet cars. Rental car companies, companies, and other businesses love having a fleet of Altima sedans in their possession. Nearly one-third of Altima models are sold to rental car companies.
Whenever a company mass produces something, it can build the final product for a lower overall price. It’s like when you buy in bulk at Sam’s Club or Costco. The larger purchase ends up being cheaper than when you buy smaller bundles. Nissan can do the same thing with materials for the Altima.
This isn’t to say that Nissan uses lower-quality materials. Their bulk buying power is what brings down the price. Nissan has been working to ensure that it uses the highest-quality materials that allow the Altima to maintain an attractive price tag.
Used Altimas Cost Even Less
When rental car companies upgrade to newer models, they sell their used models. That can mean an influx of used Altima sedans hitting the market every year. As a basic rule of economics, when there are tons of something available, the price goes down. You can pick up a relatively new Altima from a rental company or other business for pennies on the dollar.
Another element that plays into making it cheaper to buy a used Altima than other vehicles is that it depreciates fairly rapidly. In just five years, the average Altima depreciates 53%. That may not seem too far out of normal, but it’s 11% more than the Honda Accord and 6% more than the Toyota Camry.
The Altima depreciates so quickly, mainly because there is such an abundant supply of them in circulation.
Go Further For Less
It’s easy to see that the Nissan Altima is a great choice for drivers looking for a car on a budget. It’s not even uncommon to find these sedans with odometers reading well over 200,000 miles. Even a used Altima still has plenty of life left on it all while delivering an impressive and joyous drive. Stop by your local Nissan dealer today to see one of these in person; you won’t be disappointed.
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