The PSP Cash-Back

What the ex gratia PSP cash-back of up to R3 000 a month is, how it differs from a discount or income, and how Car4Less decides whether to pay.

The PSP cash-back is an ex gratia payment of up to R3 000 a month that a participant may receive once the qualifying requirements are met in full, subject to the plan's terms and conditions and Car4Less's final determination in its sole discretion. Ex gratia means it is a voluntary payment by Car4Less, not one arising from a contractual or legal obligation, and the participant has no recourse if Car4Less decides not to pay. Where paid, it is paid to you separately, into your Mastercard rewards card (issued and administered by a regulated provider), not deducted from your bank instalment.

The FAQs cover the difference between the cash-back, a discount and income; what ex gratia means; whether a lower amount is possible; and why no vehicle sale resulting from your activity is needed. Car4Less makes the final determination.

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The fundamental PSP principle

Meet the Payment Saver Plan's qualifying requirements, remain subject to the plan's terms and conditions and Car4Less's final determination, and you may receive an ex gratia payment of up to R3 000 a month, which effectively reduces your monthly vehicle instalment.

Guaranteed funding. Conditional participation. Discretionary payment. The R3 000 funding provision is guaranteed by Car4Less's performance guarantee, a contingency policy that Car4Less holds with its underwriters, according to its policy terms. Your cash-back is conditional on your participation and discretionary: Car4Less makes the final ex gratia decision. Guaranteed funding does not mean automatic cash-back. You pay no premium, are not a party to the policy and have no claim under it, and the Payment Saver Plan itself is most definitely not a policy.

The qualifying requirements must be met in full: three approved posts a day on each platform — Facebook, Instagram, TikTok, YouTube and LinkedIn — every day of the week, using approved Car4Less content; joining the prescribed groups; and completing the Shop & Save verified-shopping requirements. Every post is submitted to Car4Less for approval before it is released, and only approved, published posts count. You do not have to produce, demonstrate or be credited with a vehicle sale resulting from your posts, shares or shopping.

“Ex gratia” means a voluntary payment by Car4Less, not one arising from a contractual or legal obligation. Car4Less decides, in its sole discretion, whether to pay or not to pay, and the participant has no recourse. The PSP cost, which differs from deal to deal as determined by Car4Less, is incorporated into the vehicle's financeable retail price, and your instalment continues to be paid by debit order to the bank in the usual way. Any cash-back is paid into your Mastercard rewards card.

The plan comes with the Programme Car: a brand-new car at the Car4Less price plus the plan, set out in a separate offer to purchase, financed exclusively through the Car4Less finance application and submitted to the major banks. Cash purchases are not permitted and private finance is not accepted. Over a full finance term, what you could potentially receive back far exceeds the cost of the plan.

The PSP Cash-Back — questions

The questions people ask about the psp cash-back, answered plainly.

What is the PSP cash-back?

The PSP cash-back is an ex gratia payment of up to R3 000 a month that a participant may receive when the qualifying requirements have been met in full, paid into the participant's Mastercard rewards card. Ex gratia means a voluntary payment by Car4Less, not one arising from a contractual or legal obligation. Car4Less decides whether to pay, in its sole and final determination, and the participant has no recourse.

Is the cash-back the same as a vehicle discount?

No. The cash-back is a separate ex gratia payment, not a discount on the car. Every car shows its Car4Less price, below the manufacturer's retail price, as the drawcard; the Programme Car is the Car4Less price plus the plan, set out in a separate offer to purchase for your approval, and its value is the potential monthly cash-back, which may effectively reduce your monthly vehicle cost, subject to the PSP requirements and Car4Less's determination.

Is payment of the cash-back certain?

No. The funding provision is guaranteed by Car4Less's performance guarantee. Your cash-back itself is conditional on your participation and discretionary: Car4Less makes the final ex gratia decision. Car4Less decides, in its sole discretion, whether to pay and how much, up to R3 000 a month. Not everyone receives R3 000; a participant may receive less or nothing, and has no recourse if Car4Less decides not to pay. Guaranteed funding does not mean automatic cash-back.

Does the cash-back depend on a vehicle sale resulting from my activity?

No. You do not have to produce, demonstrate or be credited with a vehicle sale resulting from your posts, shares or shopping. The qualifying requirements must still be met in full.

Who funds the cash-back?

Car4Less. The PSP cost, which differs from deal to deal as determined by Car4Less, is incorporated into the vehicle's financeable retail price. The R3 000 funding provision is guaranteed by Car4Less's performance guarantee, a contingency policy Car4Less holds with its underwriters, according to its policy terms; the participant pays no premium, is not a party to it and has no claim under it. The cash-back itself stays conditional on participation and discretionary.

What happens to the cash-back if my own vehicle purchase is cancelled?

The PSP is tied to your own qualifying Car4Less vehicle transaction. If that transaction is cancelled, your written PSP agreement and the Terms & Conditions determine the position, so read both before relying on any assumption about payment.

The Car4Less Payment Saver Plan (PSP) is a non-insurance product and most definitely not a policy: you buy no policy, hold no policy and pay no premium. It is not an investment, bank deposit, interest-bearing product, dividend programme or a programme that promises income, and it does not change your finance agreement with the bank. Finance for a Programme Car is arranged exclusively through the Car4Less finance application; cash purchases are not permitted and private finance is not accepted. Any payment referred to in connection with the PSP is an ex gratia payment of up to R3 000 a month, made subject to the written Payment Saver Plan agreement, the current PSP Terms & Conditions and the final determination of Car4Less in its sole discretion; the participant has no recourse. Any cash-back is paid into the participant's Mastercard rewards card, issued and administered by a regulated provider. Examples are provided for explanatory purposes only and do not create or extend any entitlement. The R3 000 funding provision is guaranteed by a performance guarantee (a contingency policy) that Car4Less holds with its underwriters, according to its policy terms; participants pay no premium, are not party to it and have no claim under it. Guaranteed funding does not mean automatic cash-back: any cash-back remains conditional on the participant's participation and discretionary. The current Terms & Conditions remain the controlling document and prevail in the event of any inconsistency with this knowledge centre. Read the Terms & Conditions →

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