Saving on Your Instalment
Why the monthly instalment is the number that matters, how a below-retail price lowers it, and how the Payment Saver Plan can bring the effective figure down further.
Most South Africans do not buy a car; they buy an instalment. The purchase price matters because it sets the amount financed, but the figure you live with for five or six years is the monthly debit order. Two things move it. The first is the price you finance, which is why buying below the manufacturer's retail price makes a lasting difference rather than a once-off one. The second, for qualifying participants, is the Post & Share Payment Saver Plan, which returns up to R3 000 in cashback when approved content leads to a verified new-vehicle sale and delivery.
The fixed example on the site shows the idea: a R6 500 normal instalment less R3 000 cashback gives a R3 500 effective instalment (example only; T&C's apply). Your bank instalment itself never changes; the cashback is paid alongside it. This topic looks at both levers and how they combine with sensible finance choices.
Articles on saving on your instalment
Saving on Your Instalment — questions
The questions people ask about saving on your instalment, answered plainly.
How does buying below retail reduce my monthly instalment?
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The amount you finance is the price less your deposit and trade-in. A lower starting price means a smaller loan, which lowers the instalment and, because interest is charged on the balance, reduces the total interest over the term as well. Unlike a once-off cash discount, the effect repeats every month for the life of the agreement.
Does the Payment Saver Plan change my bank instalment?
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No. Your finance agreement and monthly debit order stay exactly as agreed with the bank. The Payment Saver Plan pays qualifying cashback separately, onto a Mastercard rewards card, which you can put towards the instalment or anything else. That is why the site talks about an effective instalment rather than a reduced one.
Is the R3 000 cashback guaranteed every month?
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It is a maximum, not an automatic payment. Cashback is only earned when a participant's approved content leads to a verified new-vehicle sale and delivery, and all the participation requirements are fully met. Posting alone earns nothing. Where every requirement is met, the qualifying cashback is backed by the performance-guarantee framework, but it is never an income you can count on in advance.
What else lowers a car instalment apart from price?
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A larger deposit, a shorter term with a lower total interest cost, a better interest rate from a stronger credit profile, and choosing a variant with lower insurance and fuel costs so that the whole monthly picture is cheaper. The finance calculator on the site lets you test each of these against any car in the showroom.
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