The Complete Introduction

The Car4Less Payment Saver Plan (“PSP”) is a non-insurance product associated with qualifying Car4Less new-vehicle transactions. A participant who meets the plan's qualifying requirements in full may, subject to the PSP terms and conditions and Car4Less's final determination, receive an ex gratia payment of up to R3 000 a month, which effectively reduces their monthly vehicle instalment.

You choose a Programme Car, apply for finance through the Car4Less finance application and sign a written PSP agreement. You then meet the qualifying requirements in full: three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day, with every post approved by Car4Less before it is released; joining the prescribed groups; and completing the Shop & Save verified-shopping requirements. Subject to the PSP terms and Car4Less's final determination, you may then receive an ex gratia cash-back of up to R3 000 a month. You do not have to sell a car to anyone.

None of these. The Payment Saver Plan is most definitely not a policy: you buy no policy, hold no policy and pay no premium. It is not an investment and gives you no interest in Car4Less, and it is not a bank product, deposit or savings account. Any payment under it is ex gratia, not income or a return.

There is a cost associated with the PSP. It differs from deal to deal, is determined by Car4Less and is incorporated into the vehicle's financeable retail price. It is not a premium and does not buy you a policy. Your instalment, which includes that cost, continues to be paid by debit order to the bank as usual; the PSP does not change your finance agreement with the bank.

Participation is open to new-car buyers who buy a Programme Car through Car4Less, financed through the Car4Less finance application, sign the written PSP agreement, satisfy the eligibility requirements and comply with the Terms & Conditions. Buying the vehicle makes you a participant; it does not by itself lead to a payment. The qualifying requirements (Post & Share, the prescribed groups and Shop & Save) must be met in full, and any payment remains subject to Car4Less's final determination.

Because the plan is built around a financed Programme Car. Finance is arranged exclusively through the Car4Less finance application and submitted to the major banks; cash purchases are not permitted and private finance is not accepted. The PSP cost, which differs from deal to deal as determined by Car4Less, is incorporated into the vehicle's financeable retail price. Your instalment, including that cost, is paid by debit order to the bank in the usual way, and any ex gratia cash-back effectively reduces what that instalment costs you.