Performance Guarantee & Content Requirements

It is a performance guarantee policy, a contingency policy, that Car4Less holds with its own underwriters. It guarantees the R3 000 funding provision behind the Payment Saver Plan, according to its policy terms. Car4Less pays a single premium for the overall risk, not a premium per vehicle sold, and the policy is exercised only if Car4Less chooses to. It is Car4Less's policy, not the customer's: you pay no premium, are not a party to it and have no claim under it.

No. The performance guarantee is Car4Less's own contingency policy with its underwriters, and what it guarantees is Car4Less's funding provision, not a payment to you. The participant pays nothing towards it, is not a party to it and has no claim under it; whether it is ever exercised is Car4Less's decision alone. The Payment Saver Plan itself is a non-insurance product and most definitely not a policy.

Qualifying content is approved Car4Less content, published three times a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day, after Car4Less has approved each post. It must also meet the plan's requirements for format, timing and verification. These requirements set the participation standard that must be met in full before a participant can be considered for the cash-back.

No. The requirements are all-or-nothing: the prescribed participation must be completed in full. Meeting most of the content requirement, or meeting it irregularly, may mean you are not considered for the cash-back. The Terms & Conditions set out the detail.

No. What it guarantees is the R3 000 funding provision behind the plan, according to its policy terms; it does not cover your instalment. Your instalment continues to be paid by debit order to the bank in the usual way, and you remain responsible for it. 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. Any cash-back is conditional on your participation and discretionary: Car4Less makes the final ex gratia decision.

It guarantees the R3 000 funding provision, not a payment to you. 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. Guaranteed funding does not mean automatic cash-back: any payment is up to R3 000 a month, subject to the plan's terms.