I used to work on aircraft as an A&P - I even had a couple of non-certified altimeters for a while. You can certainly mount one in your Cruiser, but they are huge compared to modern digital automotive units. I don't know where you would put it except in a custom console.
If you want one really cheap, go down to your local small FBO radio shop at the airport and talk to the manager. They usually have some used ones sitting on a shelf that are removed when they can't be calibrated precisely. The cores are sent off to an instrument shop for rebuilding. I'm not sure about today, but ten years ago they only had a core value of about $25, so if you offer a little more than that they should be happy to sell you one. An out-of-spec instrument is still plenty accurate for 4 wheeling.
These are delicate instruments. Because small planes vibrate, normally they are mounted in an instrument panel with rubber shock isolation mounts. They will work fine on a car or truck - just be careful when handling so you don't give them too many Gs.
As others have pointed out, unless you know the current barometric pressure ACCURATELY they are not so great. If you only want accuracy within a few hundred feet they are fine. Otherwise you had better have an aviation weather band handy. Pilots routinely adjust their altimeters to field barometric pressure prior to every landing, and this gives them accuracy within 20 feet, usually.
If you don't know the current air pressure, but you DO know your exact current elevation (using a topo map or USGS marker) then you can dial in the correct elevation and be confident you are set right. This actually would work pretty well. You could just go to the top of a hill or mountain of known elevation, set the altitude, and continue driving for the rest of the day knowing your setting was right on.
My recommendation? Use a gps and some good topo maps. That's what I do. The topos are free, if you use a freeware program like USAPhotoMaps. You need the gps anyway, to get unlost.
John Davies
Spokane WA