PSP Rewards

How the word “rewards” fits the Payment Saver Plan's single ex gratia cash-back, and whether benefits can be transferred, exchanged or expire.

“Rewards” is the general word people use for what the plan offers, but the plan's benefit is a single one: an ex gratia payment of up to R3 000 a month, subject to the plan's terms and Car4Less's final determination. Post & Share and Shop & Save are two parts of one plan, the qualifying requirements, not two separate rewards, and neither is income.

Here you will find the answers on how the benefit is earned and verified, and whether it can be transferred, exchanged or expire, always subject to the written PSP agreement and the Terms & Conditions.

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.

PSP Rewards — questions

The questions people ask about psp rewards, answered plainly.

What are PSP rewards?

The PSP's benefit is an ex gratia payment of up to R3 000 a month that a participant may receive once the qualifying requirements are met in full, subject to the plan's terms and Car4Less's final determination.

Are rewards the same as the cash-back?

In the Payment Saver Plan, yes: the benefit is the single ex gratia cash-back of up to R3 000 a month. Post & Share and Shop & Save are two parts of one plan, and completing both is part of qualifying for that single payment rather than earning separate rewards.

Are rewards guaranteed?

Not as 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. Any payment is ex gratia: a voluntary payment by Car4Less, subject to the qualifying requirements, the PSP Terms & Conditions and Car4Less's final determination in its sole discretion, and the participant has no recourse. 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.

Can a PSP benefit be transferred to another person?

Transferability is governed by your written PSP agreement and the Terms & Conditions. Participants should not assume that any benefit can be transferred to another person or to another vehicle; check the terms before making any arrangement that depends on it.

Can a PSP benefit be exchanged or expire?

The nature, permitted use and any expiry of a PSP benefit are governed by your written PSP agreement and the Terms & Conditions. Do not assume a benefit can be exchanged for something else, carried over or kept indefinitely; check the current terms.

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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