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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 not a money-making scheme; R3 000 is a conditional maximum, not a monthly promise; participation alone earns nothing; a verified sale and delivery is the enabling event; 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.

Important PSP Principles — questions

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

Does the PSP guarantee that I will make money?

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No. The PSP should not be represented as a money-making, investment or guaranteed-income programme.

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

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No. The R3 000 is the applicable maximum potential cashback and remains subject to the PSP requirements.

Does participation automatically mean that cashback is earned?

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No. Qualifying participation and the applicable qualifying outcome, a successful new-vehicle sale and delivery tracked back to the participant, are both required before any cashback is earned.

Is the PSP compulsory?

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The applicability and participation requirements are governed by the current PSP arrangements and Terms & Conditions.

What is the single most important PSP rule?

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Participants should understand that all cashback and rewards are conditional upon satisfying the applicable PSP requirements and Terms & Conditions.

Where can I find the definitive rules?

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The current Car4Less Payment Saver Plan Terms & Conditions constitute the definitive source for the contractual rules applicable to the PSP.

The Car4Less Payment Saver Plan (PSP) is not an insurance policy, investment, bank deposit, interest-bearing product, dividend programme or guaranteed-income programme. Any cashback, reward or other benefit referred to in connection with the PSP is subject to the eligibility, participation, content, performance, transaction, verification and other requirements in the current PSP Terms & Conditions. Examples are provided for explanatory purposes only and do not create or extend any entitlement. The maximum cashback amount must not be interpreted as an unconditional or automatic payment, and participation alone does not create an entitlement to cashback or rewards. 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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