How Much Should I Pay: 2002 Nissan Altima SL
Question From Phani:
year:2002
Make:Nissan
Model:Altima
Trim: SL
Mileage : 99393
Leather interior,power setas,sun roof
Can anybody please advise me for how much I can buy the car and any idea about depreciation
Queen of the Road: Hi Phani. There’s a whole team of us who can help you here. Below is the the wholesale prices based on the car’s condition.
For a 2002 Nissan Altima SL with 99,400 miles, prices range from $8,000 (being in above average condition) to $6,500 (being in average condition) and $5,000 (being in below average condition). Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $5.8k to $9.1k.
In regards to depreciation, the first year of a car’s life, the average depreciation is 20%. After that, it averages 10% to 15%. Here’s a Car Depreciation Calculator, but you’d need the purchase price of the car.
Are you buying from a dealership or a private seller? Be sure to check carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Good luck and keep us posted on how the purchase goes!
