Car Deal Canada

How Much is a Nissan Altima?

a silver car on the road
iStock.com/Artistic Operations

The Nissan Altima has been a staple in the Canadian automotive market for over two decades, offering a compelling blend of style, performance, and value. Introduced in 1992 as a continuation of the Nissan Bluebird line, the Altima quickly established itself as a formidable contender in the midsize sedan segment.


Throughout its evolution, the Altima has consistently delivered a well-rounded driving experience that appeals to a wide range of Canadian drivers. Its sleek and modern design, coupled with a spacious and comfortable interior, makes it a practical choice for families and commuters alike. Under the hood, the Altima packs a punch with its powerful yet fuel-efficient engine options, ensuring a smooth and responsive ride.


One of the key selling points of the Nissan Altima is its impressive array of standard and available features. From advanced safety technologies like Intelligent Forward Collision Warning and Automatic Emergency Braking to cutting-edge infotainment systems with seamless smartphone integration, the Altima offers a comprehensive package that caters to the needs of modern drivers.


Throughout its tenure in the Canadian market, the Altima has garnered a reputation for reliability and durability, making it a trusted choice for those seeking a dependable and long-lasting vehicle. With its combination of style, performance, and practicality, it’s no wonder the Nissan Altima has become a beloved choice among Canadian drivers.

Get Pre-Qualified in Under 60 Seconds

All Credit Approved and 0 Money Down Options Available

 

2024 Nissan Altima Pricing in Canada

The 2024 Nissan Altima is offered in four main trim levels in Canada: S, SV, SR, and Platinum. Each trim brings additional features and amenities over the previous one, allowing buyers to select the model that best suits their needs and budget.

 

S ($31,798 MSRP)

As the entry-level Altima, the S comes equipped with a 2.5L 4-cylinder engine, Intelligent Forward Collision Warning, 17-inch wheels, and an 8-inch touchscreen infotainment display. This no-frills model provides the essentials for those seeking an affordable midsize sedan.

 

SV ($34,498 MSRP)

Moving up to the SV adds greater comfort and convenience features like dual-zone automatic climate control, remote engine start, leather-wrapped steering wheel, and a power sliding glass moonroof. This trim represents a solid blend of features and value.

 

SR ($36,198 MSRP)

The sport-themed SR kicks things up a notch with 19-inch alloy wheels, LED headlights, leather-appointed seats, and paddle shifters for the CVT transmission. This model caters to those wanting a more aggressive look and driving experience from their Altima.

 

Platinum ($38,998 MSRP)

As the range-topping Platinum trim, the Altima is loaded with luxury amenities. Highlights include heated rear outboard seats, traffic sign recognition, a heated steering wheel, and a premium Bose audio system. This fully-equipped variant leaves little to be desired in terms of features and tech.

 

Factors Affecting Altima Pricing

While the manufacturer’s suggested retail price (MSRP) provides a baseline, the actual transaction price you’ll pay for a Nissan Altima can vary quite a bit. Several key factors influence how much an Altima costs in the real world.

 

Dealer Incentives and Discounts

Nissan frequently offers attractive incentives and discounts to help move Altima inventory. These can include customer cash rebates, low APR financing deals, and lease specials. Dealers will also negotiate from MSRP, so being an informed buyer is key to getting the best price. Shopping around and making dealers compete for your business can net significant savings.

 

Regional Pricing Differences

Altima prices can differ across Canada based on factors like supply, demand, and regional advertising. For example, an Altima may cost slightly more in a major metro area versus a smaller city or rural area. This is why getting localized pricing is important versus just looking at national averages.

 

Impact of Fees and Taxes

On top of the vehicle’s selling price, you’ll need to factor in additional fees and taxes. These can include freight/delivery charges, doc fees, air conditioning tax, and applicable sales taxes. In some provinces, fees for things like registration and licensing can further add to the bottom line. While not part of the Altima’s price itself, they are costs you can’t avoid when purchasing.

 

Cost of Ownership Considerations

While the sticker price is an important factor, it’s crucial to consider the overall cost of ownership when evaluating the Nissan Altima. Fuel efficiency, insurance rates, and maintenance expenses can significantly impact the long-term costs associated with this vehicle.

 

Fuel Efficiency and Estimated Fuel Costs: The Nissan Altima is known for its impressive fuel economy, which can translate into substantial savings at the gas pump. The 2024 model boasts an EPA-estimated rating of up to 28 mpg in the city and 39 mpg on the highway for the base 2.5-liter engine. With the available 2.0-liter VC-Turbo engine, the Altima achieves an estimated 25 mpg city and 34 mpg highway. Assuming an annual mileage of 15,000 miles and an average gas price of $1.30 per liter, the annual fuel cost for the base engine is estimated to be around $1,800, while the VC-Turbo engine could cost approximately $2,100 per year.

 

Insurance Rates: Insurance rates for the Nissan Altima are generally reasonable, thanks to its classification as a midsize sedan and its suite of advanced safety features. According to industry estimates, the average annual insurance premium for an Altima is around $1,400 in Canada. However, rates can vary based on factors such as your driving record, location, and the specific trim level you choose.

 

Maintenance and Repair Costs: The Nissan Altima has a reputation for reliability, which can help keep maintenance and repair costs in check. Regular maintenance tasks like oil changes, tire rotations, and brake pad replacements are relatively inexpensive. According to industry data, the average annual maintenance cost for the Altima is approximately $500. However, it’s essential to follow the recommended maintenance schedule to ensure optimal performance and longevity.

 

Comparing the Altima to the Competition

While the Nissan Altima offers compelling value for its pricing in the Canadian market, it’s not alone in the competitive midsize sedan segment. Let’s take a look at how the Altima’s pricing stacks up against some of its key rivals.

The Honda Accord and Toyota Camry are two of the Altima’s biggest foes. The base 2024 Accord LX starts at $33,990 in Canada, while the Camry LE has a $31,190 MSRP. So the Altima S undercuts both of these class leaders on pricing, yet still delivers a robust set of features and amenities.

Hyundai’s Sonata and Kia’s K5 present more affordable options, with the Sonata Essential starting at $27,499 and the K5 LX at $29,995. However, the Altima counters with a more powerful standard engine, all-wheel drive availability across the lineup, and a nicer overall interior ambiance.

Compared to midsize sedans from domestic brands like the Chevrolet Malibu ($27,998) and Chrysler 300 ($42,340), the Altima strikes an appealing middle ground. It offers more upscale appointments than the Malibu while undercutting the aging 300’s pricing by a significant margin.

What helps the Altima stand out is its blend of spaciousness, driving dynamics, fuel efficiency, and cutting-edge tech like Nissan’s ProPILOT Assist system. When you factor in Nissan’s available incentives and discounts, the Altima emerges as one of the smarter values among affordable midsize family sedans in Canada.

 

Where to Find the Best Deals on a Nissan Altima

While the MSRP pricing gives you a starting point, there are several ways to potentially score a better deal on a new Nissan Altima in Canada. Here are some tips for finding the lowest possible price:

 

Negotiate at the Dealership

Don’t simply accept the sticker price when shopping at a Nissan dealer. Come armed with research on incentives, rebates, and dealer invoice pricing so you can negotiate effectively. Be willing to walk away if the dealer won’t meet your target price. Let them know you’re shopping around to create a sense of competition.

 

Check Online Pricing

Many Nissan dealers advertise discounted pricing for new Altima models on their websites. This internet pricing is often more aggressive than what you’ll initially find at the dealership. You can use these online prices as leverage when negotiating with other dealers in your area.

 

Know the Fair Market Value

Third-party pricing guides like Canadian Black Book and VMRCanada provide current data on what consumers are actually paying for the Altima. Checking the fair market value range helps ensure you don’t overpay. Aim for a price at or below this figure when negotiating with dealers.

 

Time Your Purchase Right

The biggest discounts often come towards the end of the month, quarter, or model year when dealers are trying to hit sales targets. Holidays, year-end clearance events, and the release of next year’s models can also yield better pricing opportunities.

 

Consider Dealer Trades

If a Nissan dealer has a hard-to-move Altima model that’s been sitting on their lot for a while, they may be willing to let it go at a steeper discount. Ask about any aged inventory cars they’re motivated to sell quickly.

 

Financing and Leasing Options

When it comes to getting behind the wheel of a new Nissan Altima in Canada, buyers have the choice of financing through a loan or leasing the vehicle. Each option has its own pros and cons that are worth considering based on your budget and driving needs.

Nissan frequently offers attractive financing rates and incentives to make their vehicles more affordable. At the time of writing, qualified buyers can take advantage of 0.9% APR financing for up to 84 months on select 2024 Altima trims. These low manufacturer-sponsored interest rates can save you thousands over the life of the loan compared to rates from banks or credit unions.

Leasing is another popular avenue, especially for drivers who like to get a new vehicle every few years. Current Altima lease deals from Nissan allow you to get a 2024 Altima SV for around $350/month for 39 months with $3,495 due at signing (plus taxes and fees). This gives you lower monthly payments since you’re only paying for the vehicle’s depreciation during the lease term, not the full purchase price.

To illustrate the difference, let’s compare a lease to a loan on a 2024 Altima SR with an MSRP of $36,198. Putting $3,500 down and financing for 60 months at 3.9% APR, your monthly payment would be around $605. Leasing that same Altima SR could cost you $425/month for 39 months with $3,500 due at signing. The lease has much lower monthly costs, but you don’t own the car at the end of the term.

Leasing can make sense if you always want to drive a vehicle under the latest warranty coverage. However, buying is a better long-term investment if you plan to keep your Altima for many years after it’s paid off. Be sure to crunch the numbers for your specific situation when deciding between financing or leasing your next Nissan.

 

Additional Costs to Budget For

While the sticker price is the biggest expense when purchasing a new Nissan Altima, there are several other costs that Canadian buyers need to account for in their overall budget. Failing to factor in these extra fees can lead to unpleasant surprises down the road.

 

Registration and Licensing Fees: In order to legally drive your new Altima on Canadian roads, you’ll need to register the vehicle and pay any applicable licensing fees with your provincial transportation authority. These vary across the country but typically cost a few hundred dollars upfront when buying from a dealership.

 

Accessories and Add-Ons: The MSRP for each Altima trim covers just the basics. If you want to option up with dealer-installed accessories like cargo organizers, roof racks, or premium floor mats, you’ll need to budget extra. Even just upgrading to a different colour can sometimes mean paying more. Accessory costs can easily add hundreds or even thousands to your final price.

 

Delivery and Freight Charges: No matter which Altima model you choose, Nissan charges a flat delivery and handling fee for transporting the vehicle from the factory to the dealer’s lot. For 2024, this fee is $2,030 across Canada. It’s a mandatory cost that gets added to the sticker price, so be sure to account for it.

 

Should You Buy the Nissan Altima?

When considering whether to purchase the Nissan Altima, it’s important to weigh the pros and cons to determine if it’s the right fit for your needs and budget.

 

Pros:

  • Affordable pricing, especially for the well-equipped SV and SR trims
  • Excellent fuel efficiency across the lineup, helping reduce ongoing costs
  • Spacious and comfortable interior with plenty of tech features
  • Strong safety ratings and driver assistance technologies
  • Available all-wheel drive for enhanced traction in Canadian winters

 

Cons:

  • Some rivals offer more powerful engine options
  • Lack of hybrid or plug-in hybrid variant
  • No high-performance model like some competitors
  • Interior materials could be more premium, especially on lower trims

 

Overall, the 2024 Nissan Altima represents a compelling value for Canadian drivers seeking an affordable, well-equipped, and fuel-efficient midsize sedan. With a starting price under $32,000, the Altima undercuts many rivals while still delivering a comfortable cabin, modern tech features, and Nissan’s reputation for reliability.

While the Altima may not be the most exciting choice, it excels as a practical family hauler with its roomy interior and easy drivability. The available all-wheel drive system is a nice perk for those dealing with harsh Canadian winters. And with strong safety scores, the Altima provides peace of mind.

 

The Verdict: For budget-conscious buyers prioritizing value, efficiency, and practicality, the 2024 Nissan Altima is absolutely worth a look. It may not be the flashiest option, but it gets the job done as an affordable and well-rounded midsize sedan, making it an excellent choice for many Canadian drivers.

Get Approved Today

See if you qualify in under 60 seconds

Questions About Nissan Altima Pricing

The starting MSRP for a new 2024 Nissan Altima in Canada is $31,798 for the base S AWD trim. Higher trims and option packages will increase the price. With freight, PDI, AC tax, and other fees, expect to pay around $33,928 to drive home a new base model Altima.

The 2024 Nissan Altima is available in Canada in the following trim levels:

 

– S AWD – $31,798

– SV AWD – $34,998

– SR AWD – $36,998

– Platinum AWD – $39,998

 

The base S trim comes decently equipped with features like a 8″ touchscreen, Android Auto/Apple CarPlay, blind spot warning, rear cross traffic alert, and more. Moving up in trims adds larger wheels, leather seats, a better sound system, moonroof, and additional safety tech.

The 2024 Nissan Altima is very fuel efficient, especially for an all-wheel drive sedan. Fuel economy numbers for the latest Altima in Canada are:

 

City: 9.9 L/100 km

Highway: 7.4 L/100 km

Combined: 8.8 L/100 km

 

This allows for excellent driving range on a full tank of gas. All-wheel drive models are recommended for Canadian winters.

The 2024 Nissan Altima sedan has a very spacious trunk, offering up 427 liters of cargo capacity. This gives you ample room for luggage, groceries, strollers, sports gear, and other daily items. The rear seats also fold down to allow for transporting longer items when needed.

All Canadian market Altimas come equipped with a 2.5L 4-cylinder engine making 182 horsepower and 178 lb-ft of torque. This engine provides smooth, responsive daily driving performance. The Xtronic CVT transmission helps optimize efficiency while still allowing strong acceleration when you need it. Standard all-wheel drive provides extra traction and control as well.

The latest Altima comes standard equipped with Nissan Safety Shield 360 technology, including features like:

 

– Automatic emergency braking with pedestrian detection

– Lane departure warning

– Blind spot warning

– Rear cross traffic alert

– Rear automatic braking

– High beam assist

 

Higher trims add extras like a surround view camera, traffic sign recognition, intelligent lane intervention, and more. All versions also have 10 standard airbags.

The latest 5th generation Nissan Altima scores very well for reliability according to J.D. Power and Consumer Reports. Most model years since the 2018 redesign earn above average marks for overall dependability and fewer issues reported. This makes the Altima a smart, reliable choice for a daily family vehicle.

While not positioned as a traditional luxury car, higher trim Altimas do come very well equipped. Leather appointed seats, advanced safety systems, a premium Bose audio system, and elegant cabin appointments make the upper Platinum trim feel almost luxurious. It offers features found in entry level premium sedans at a more affordable price point.

The Altima is very competitively priced against longtime midsize sedan rivals like the Honda Accord and Toyota Camry in the Canadian market. It matches those models well for interior space, fuel efficiency, features, technology and driving dynamics. Key advantages include standard all-wheel drive and Nissan’s innovative VC-Turbo engine option.

Yes, the Altima performs very well as a winter vehicle for Canada’s cold climate. Features like standard all-wheel drive, heated front seats, remote start system, and intelligent traction control all help the Altima tackle snow, slush and icy conditions. Available heated steering wheel and rear seats make winter driving more comfortable.

As a top selling midsize sedan in Canada, the Altima offers great family-friendly attributes like ample rear legroom and headroom, integrated rear sunshades, rear air vents, rear USB ports for charging devices, available built-in WiFi hotspot, tri-zone automatic climate control, and an easy to access car seat latch system.

Cutting-edge tech on the latest model includes an advanced driver assistance system with traffic sign recognition, NissanConnect Services powered by SiriusXM, wireless Apple CarPlay/Android Auto integration, WiFi hotspot capability, Bluetooth hands-free calling and audio streaming, voice recognition, Amazon Alexa integration, and more depending on trim selections.

The innovative VC-Turbo engine uses an advanced variable compression ratio design to optimize power or fuel efficiency when needed. It delivers brisk acceleration while still getting excellent mileage. This turbo 2.0L 4-cylinder is available on SR and Platinum Altima trims when equipped with all-wheel drive.

All new Nissan vehicles sold in Canada come with a 3 year/60,000 km bumper-to-bumper warranty, 5 year/100,000 km powertrain warranty, 8 year/130,000 km warranty for key emission components, and 5 years of roadside assistance. These generous coverage plans provide great long term peace of mind.

Yes, the Altima enjoys higher than average resale value in Canada according to ALG projections. Well built quality and good reliability ratings allow it to retain a good percentage of its original MSRP over the first 5 years of ownership. This makes it cost effective to own over longer time periods.

Nissan Canada frequently offers low finance rates, cash rebates and other incentives on various models throughout the year, including the popular Altima sedan. Current offers can save you up to $4,000 off MSRP. See what deals your local Nissan dealer has available on new and select used Altima models.

Get Approved Today

See if you qualify in under 60 seconds