The Nissan Altima was never the leader in the midsize sedan segment, unlike its rivals, the Honda Accord, and Toyota Camry. However, it’s hard to deny that the Altima remains a popular choice when it comes to midsize cars, thanks to its striking style, comfortable interiors, and sporty handling.
One of the best-reviewed Altima models in recent memory is the 2015 model. With its relative popularity in the used car market, many of you are likely asking: how much is a 2015 Nissan Altima worth? Your old 2015 Altima might be worth more than you think in the current market conditions.
If you’re going to sell or trade in your Altima, there might be no better time than two to three months ago. However, you can still settle with today and get a good deal. Why is this the case? How do you calculate your Altima’s trade-in value? What factors are considered when evaluating trade-in value? We’ll answer these questions and more below.
Why Trade In Your 2015 Nissan Altima Now?
If you’ve been keeping tabs on current events and the auto industry prices, you’ll know about the meteoric rise of car prices within the past year. In December 2021, used car prices hit an all-time high and were 42% higher than in December 2019. Prices skyrocketed due to many different factors, including increased demand, supply chain issues, and a global shortage of semiconductor chips.
In February 2022, the U.S. Bureau of Labor Statistics released the Consumer Price Index News, and it had some interesting figures about the automotive market. As it turned out, new car buyers paid 12.2% more than in 2021. However, that figure doesn’t compare with the used car market. Used car sales were 40.5% more expensive than the previous year.
In addition, popular car-buying website Edmunds.com released a study finding that more than 8 out 10 Americans paid above sticker price in January 2022. That’s not the norm because only 2.8% of customers paid above MSRP the previous year. This was made possible by high demand for used cars but limited inventory.
Are Prices Getting Better?
Fortunately, new and used car prices are getting better and slowly declining. CNBC reported that wholesale car prices have decreased by 6.4% since January. Furthermore, vehicle inventory improved, with 1.2 million new cars arriving at dealerships in March. However, that’s still 50% less than last year and only a third before the pandemic.
Although many experts predict that we won’t be hitting record high prices anymore, used car prices are expected to remain high for the rest of 2022 – thanks to supply chain shortages and inventory constraints.
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Should You Trade In?
Many of our readers ask: how much is a 2015 Nissan Altima worth? The current state of the market may be the best time to sell or trade in your 2015 Altima. Car buyers may be in a bit of a pickle due to inflated prices, but the same forces can work for you as a used car seller. The combination of high demand and increased prices may allow you to earn top dollar by selling or trading in your used vehicle.
As mentioned, you won’t be able to capitalize on record-high pieces anymore. However, the slowdown and decline of used car prices won’t be enough to return things to how they used to be. Therefore, used car sellers are in a unique position to make extra money by selling their vehicles now.
Try selling your 2015 Altima to a private buyer to get more money out of the sale. However, trading in or selling to dealerships is a viable strategy. Dealerships are hurting to fill their used car inventory, so you’re still in a good place to get a great price by selling to dealers.
Which Factors Affect Your 2015 Nissan Altima’s Trade-In Value?
Dealerships consider many factors to calculate how much is a 2015 Nissan Altima worth. Below are some of the most common criteria:
- Mileage – The number on your odometer is one of the primary factors that dealerships look at when calculating trade-in value. The higher the number, the less likely you’ll get a top-dollar offer for your 2015 Altima. High mileage vehicles are more likely to have major mechanical issues and costly repairs.
- Service history – Were you always on top of your maintenance services as recommended by the manufacturer? Keep a complete record handy because it shows you’ve maintained your vehicle correctly.
- Condition – Both interior and exterior matter when evaluating a used car. Even if your Altima has high mileage but is well taken care of and in good shape, you can fetch a reasonable price.
- Vehicle options – Additional bells and whistles like power windows, ABS, leather seats, heated chairs, sunroofs, etc., can improve the value of your vehicle. On the other hand, aftermarket modifications like turbos, matte paint, and 22-inch rims will not.
- Supply and demand – High demand means better value. Plus, some make and model retain their value better over time. With the current limited inventory, you may fetch a reasonable price for your Altima, especially when Nissan is known to be a long-lasting brand.
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Calculate Your 2015 Nissan Altima’s Trade-In Value
How much is a 2015 Nissan Altima worth? Here are a few tools you may use.
One trade-in value tool that people like to use is Edmunds.com Appraisal Tool. This tool offers many options and specifications to help you build an accurate vehicle profile and receive an accurate estimate. According to the tool, a 2015 Altima has a value range of $7,718-$16,854.
Another tool worth checking out is Kelley Blue Book’s My Car’s Value Tool. The calculator determines trade-in value by looking up the VIN or manually inputting the vehicle make, model, specs, etc. For a 2015 Nissan Altima 3.5 SV with 75,000 miles, the trade-in value range is $10,303-$12,112.
Last but not least, we highly recommend using the CoPilot’s Hidden Profit Calculator. Using the tool, you can find out if you can make some quick dollars for your 2015 Altima. The tool determines your Real-time Market Value within your location and compares it with the top bids. It’s very user-friendly and only requires a CoPilot account to use.
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