GARDENA, CA -- Nissan North America has announced its 2005-model year fleet sales program. The program period is Aug. 1, 2004 to Sept. 30, 2005 for all 2005-model year Nissan vehicles for certified daily rental, commercial business and other eligible participants. Payment is as an invoice credit for fleet buyers.

Vehicles ordered before the official announcement of 2005 model prices and reported sold within 120 days will be price assured. Price assurance is defined as the final price of the 2004 model year adjusted for changes in equipment (includes regulatory costs) plus 3.0 percent. Vehicles enrolled in the Nissan Repurchase Program are ineligible for the 2005 fleet incentive program. A leasing company may qualify for basic sales assistance incentives if it executes a lease with a daily rental company that meets the requirements of the Fleet Sales Assistance Program. All vehicles must remain in service for at least six months or 12,000 miles (whichever comes first) unless stated otherwise in the Repurchase or Risk Contract executed between Nissan and the Fleet Account. The 2005 model program payments will expire nine months after retail date. All fleet incentives must be claimed before the expiration date or they will become ineligible. For the 2005 model year, the Retail Incentive Core Option (RICO) Program will be continued. RICO is the incremental incentive funds available to most certified fleet accounts when the retail incentives exceed fleet sales assistance incentives. RICO was developed to ensure that the same incentive funds that are available to the retail buyer are also available to the fleet buyer. Essentially, this program ensures the fleet account is always paid the highest possible incentive.