Important PSP Principles

The five principles that run through the whole Payment Saver Plan — the quick reference when any explanation seems to conflict.

Five principles run through everything: the plan is a non-insurance product, not a money-making scheme; R3 000 a month is an ex gratia maximum at Car4Less's sole and final determination, not a monthly promise; the qualifying requirements must be met in full; no vehicle sale resulting from your activity is required; and your written PSP agreement and the Terms & Conditions are the definitive rules.

Keep this page as the quick reference. If an explanation anywhere contradicts one of these principles, the principle, and the T&Cs behind it, wins. Your written PSP agreement sets out the detail.

Read this first

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.

Important PSP Principles — questions

The questions people ask about important psp principles, answered plainly.

Does the PSP guarantee that I will make money?

No. The PSP is not a money-making, investment or income programme, and no income is promised to anyone. The only thing guaranteed is the funding provision behind the plan, through Car4Less's performance guarantee, which you are not a party to and have no claim under. Any payment is an ex gratia payment of up to R3 000 a month, conditional on your participation and at Car4Less's sole and final determination.

Does the PSP guarantee that I will save R3 000 every month?

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. That performance guarantee is a contingency policy Car4Less holds with its underwriters, according to its policy terms; you pay no premium, are not a party to it and have no claim under it. R3 000 a month is the maximum ex gratia payment, and in any given month a participant may receive less or nothing. Guaranteed funding does not mean automatic cash-back.

Does participation automatically mean that the cash-back is earned?

No. The qualifying requirements must be met in full, and even then any payment is ex gratia and at Car4Less's sole determination. A vehicle sale resulting from your activity is not required.

Is the PSP compulsory?

No. You may buy at the Car4Less price without the plan, financed through the Car4Less finance application, with no cash and no private finance. Car4Less will explain the plan to every buyer, because it is our main focus: the Programme Car is the Car4Less price plus the Payment Saver Plan, set out in a separate offer to purchase for your approval. If you take part, only participants who meet the requirements in full are considered for the ex gratia cash-back, and your instalment to the bank is payable either way.

What is the single most important PSP rule, and where are the definitive rules?

Meet the qualifying requirements in full, and understand that any payment is ex gratia and subject to Car4Less's final determination. Your written PSP agreement and the current Payment Saver Plan Terms & Conditions are the definitive source of the rules.

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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