Thinking Of Budgeting For A Nissan Altima?
If you want a midsize sedan that offers a smooth and technologically advanced riding experience, then the Nissan Altima is the one for you. Before purchasing one of these versatile models, it’s important to understand the total cost of ownership. This includes the purchase price, insurance, depreciation, and maintenance costs. Crossroads Nissan of Wake Forest provides a comprehensive guide to help you make an informed decision when it comes to budgeting for the Nissan Altima. Visit us or get in touch with our helpful staff for more information.
Initial MSRP & Incentives
If you’re wondering about how much a Nissan Altima costs, it’s estimated to start between $37,000 and $38,000. The final value depends on the trim level, options, and model year. Dealerships often offer incentives to lower the purchase price. When negotiating, consider the invoice price, current market value, and available rebates. Additionally, the initial purchase price can significantly impact the Nissan Altima’s resale value over time, affecting how much it retains after ownership for a number of years.
Numerous Features to Enjoy: The Specs
The Nissan Altima effortlessly combines striking efficiency with modern style, turning heads wherever it goes with its sophisticated grille, sharp exterior, and optional Exterior Ground Lighting with Logo. You can personalize your Nissan Altima with a choice of colors, such as Brilliant Silver Metallic or Scarlet Ember Tintcoat, and an optional moonroof. Powered by a 2.5L engine that delivers 188 horsepower and 180 lb.-ft. of torque, the Nissan Altima offers an impressive EPA-estimated fuel economy of up to 27 MPG in the city and 39 MPG on the highway.* Its smooth driving experience is enhanced by the Xtronic Continuously Variable Transmission and available Intelligent Trace Control.
Inside, the Nissan Altima boasts comfort and cutting-edge technology, from Zero Gravity front seats that reduce fatigue to high-tech features like Alexa Built-in and an available 12.3-in. touchscreen with Apple CarPlay® and Android Auto™ compatibility. The spacious interior offers up to 15.4 cu.ft. of trunk space and 58.1 cu.ft. with the rear seats down. For safety, Nissan Safety Shield® 360 comes standard, providing features such as Automatic Emergency Braking with Pedestrian Detection, Rear Cross Traffic Alert, and Lane Departure Warning for a secure and confident driving experience.
Choosing the Right Nissan Altima for Your Needs
Selecting the perfect Nissan Altima for your needs involves several key considerations. Here are some tips to help you make an informed decision.
Determine Your Budget: Start by considering your purchase price, monthly payment, and interest rates. Knowing these will give you insight into your limitations.
Assess Your Needs: Think about how you plan to use your Nissan Altima. If it’s primarily for daily commuting, a base model might suffice. However, if you need a vehicle with more pep or style, upgrading to available features or higher models might be what you need.
Research Different Model Years: Compare depreciation rates, maintenance costs, and resale values for different model years. This will help you find the best model for your budget.
Test-Drive Different Trims: Take various trim levels for a test drive to see which one best suits your needs and preferences.
Consider Certified Pre-Owned Options: If you’re looking for a pre-owned Nissan Altima, consider Nissan Certified Pre-Owned options. These vehicles have been thoroughly inspected across numerous categories by professionals, offering added peace of mind.
By taking these into consideration, you can choose the right Nissan Altima that fits your needs and budget, ensuring you’re satisfied all of the way through.
Five Years of Ownership: The Costs Involved
The Nissan Altima’s estimated five-year cost of ownership is between $41,000 and $59,000. This includes depreciation, fuel, taxes, fees, financing, and insurance. Using an online calculator and comparing costs with similar vehicles can help you make a more informed decision.
The Cost of Insurance & Maintenance
Insurance for a Nissan Altima costs around $4,000-21,000 over five years. This varies based on trim level, options, and driving history. Shop around for the best rates and consider bundling policies. If you’d like to stick to branded coverage, Nissan offers Nissan Insurance powered by Liberty Mutual® for all your needs. In five years of ownership, maintenance costs for the Nissan Altima can range from $5,000-7,000. Depending on the vehicle’s age, mileage, driving habits, and specific issues, the Nissan Altima repair costs can fluctuate. If you consider extended warranties, they can help protect you from unexpected repairs. Additionally, researching the reliability and durability of the Nissan Altima can help you anticipate potential long-term costs.
Extra Protection: Warranty & Extended Warranty
Nissan offers a 3-year/36,000-mile basic warranty and a 5-year limited powertrain warranty. If you’re concerned about future maintenance costs, consider Nissan Security+Plus® Protection Plans, an extended warranty program with various packages that are tailored specifically to your needs with plans that cover prepaid maintenance, offer GAP protection, and coverage on parts, dents, and so much more. While these costs may vary according to your specific needs, it’s something to consider when you’re budgeting for the Nissan Altima.
Own Your Nissan Altima Today
The Nissan Altima is the preferred option for those wanting a blend of comfort, style, and affordability. When you’re looking to buy one of these efficient midsize sedans, consider maintenance costs, insurance expenses, and overall value to ensure you’re making the best choice for you. By researching these, as well as the Nissan Altima’s features, trim levels, and depreciation rate, you’re guaranteed to find your perfect match. That being said, the overall cost of owning this ride after five years can range from $41,000-59,000. If you’re prepared for the cost of owning a Nissan Altima, visit Crossroads Nissan of Wake Forest for a test drive today.
*EPA Fuel Economy Estimates. Actual mileage may vary with driving conditions—use for comparison only.
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