Myths vs Facts

“Everyone gets R3 000”, “you have to sell a car”, “it's insurance”: the common PSP myths and the facts beside them.

Misdescriptions of the plan spread quickly: everyone gets R3 000, you get paid just for posting, it's insurance, you have to sell a car. None are true. This topic takes each common myth and states the fact beside it, so participants and prospects start from the correct position.

Where a myth touches a contractual point, your written PSP agreement and the Terms & Conditions are the reference; this page summarises them in plain language. The two myths that matter most cut in opposite directions: the cash-back is not automatic, and you do not have to sell a car to be considered for it.

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.

Articles on myths vs facts

Nine Payment Saver Plan Myths, and the Facts Behind Them

"Everyone gets R3 000." "You have to sell a car." "It's insurance." The nine most common things people get wrong about the Car4Less Payment Saver Plan, each corrected in a sentence or two.

07 Sep 2026 · 4 min read

Myths vs Facts — questions

The questions people ask about myths vs facts, answered plainly.

“The PSP is insurance” — myth or fact?

Myth. The Payment Saver Plan is most definitely not a policy. Buyers pay no premium and hold no policy; the performance guarantee policy is Car4Less's own contingency policy with its underwriters, and the buyer is not a party to it.

“Everyone gets R3 000” — myth or fact?

Myth. R3 000 a month is the maximum ex gratia payment, subject to the PSP requirements and Car4Less's final determination in its sole discretion. Some participants may receive less, some nothing, and there is no recourse.

“You get paid just for posting” — myth or fact?

Myth. Posting is one qualifying requirement: three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day, and only posts Car4Less has approved before release count. The prescribed groups and Shop & Save must also be completed in full, and any payment remains Car4Less's decision.

“The Performance Guarantee is insurance” — myth or fact?

Myth, as far as the buyer is concerned. The performance guarantee is a contingency policy that Car4Less holds with its own underwriters, paid for by Car4Less with a single premium for the overall risk. It guarantees Car4Less's R3 000 funding provision, according to its policy terms, and is exercised only if Car4Less chooses to; the buyer pays nothing towards it, is not a party to it and has no claim under it.

“Shop & Save pays a second R3 000” — myth or fact?

Myth. Shop & Save is the verified-shopping requirement of the Payment Saver Plan. Till slips must be uploaded and verified, and completing Shop & Save counts towards the plan's single ex gratia payment of up to R3 000 a month.

“You have to sell a car to get the R3 000” — myth or fact?

Myth. 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 be met in full; no sale is required.

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 →

Ready to find your car?

Browse over 1 318 new cars, each available as a Programme Car: financed through Car4Less, with the Payment Saver Plan — up to R3 000 a month back, potentially.

Browse New Cars