The Payment Saver Plan Guarantee: Guaranteed Funding, Conditional Participation, Discretionary Payment
What “guaranteed” means in the Payment Saver Plan: the R3 000 funding provision is guaranteed; your participation is conditional and the cash-back discretionary.
Car4Less uses the word “guaranteed” for exactly one thing: the funding provision. The R3 000 funding provision behind the Payment Saver Plan is guaranteed by Car4Less's performance guarantee, a contingency policy that Car4Less holds with its underwriters, applied according to its policy terms. That is the first of three tiers. The second is conditional: your participation, meaning three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day of the week, each approved by Car4Less before it is released, plus the prescribed groups and the Shop & Save verified-shopping requirement. The third is discretionary: Car4Less makes the final decision whether to make an ex gratia cash-back payment of up to R3 000 a month into your Mastercard rewards card.
Guaranteed funding does not mean automatic cash-back, and nobody is promised R3 000 every month. You pay no premium, are not a party to the policy and have no claim under it; the Payment Saver Plan itself is most definitely not a policy. No vehicle sale is required. The Payment Saver Plan Guarantee page sets out the guaranteed funding in full.
The Payment Saver Plan Guarantee: Guaranteed Funding, Conditional Participation, Discretionary Payment — questions
The questions people ask about the payment saver plan guarantee: guaranteed funding, conditional participation, discretionary payment, answered plainly.
What does “guaranteed” mean in the Payment Saver Plan?
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It refers to the funding provision, and only that. The R3 000 funding provision is guaranteed by Car4Less's performance guarantee, 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. Your cash-back itself is conditional on your participation and discretionary: Car4Less makes the final ex gratia decision. Guaranteed funding does not mean automatic cash-back. The guaranteed funding is explained in full at car4less.co.za/payment-saver-plan/guarantee.
What is the guaranteed R3 000 funding provision?
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It is the specific funding that Car4Less's performance guarantee covers, according to the actual policy wording. Car4Less holds that contingency policy with its own underwriters and pays a single premium for the overall risk, not a premium per vehicle sold, and it stands behind Car4Less's ability to fund the cash-back. You pay no premium, are not a party to the policy and have no claim under it. The Payment Saver Plan itself is most definitely not a policy: you buy no policy and hold no policy.
Does guaranteed funding mean the R3 000 is paid to me automatically?
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No. Guaranteed funding does not mean automatic cash-back. The funding provision is guaranteed; your cash-back is not. It is conditional on your participation being completed in full and discretionary: Car4Less makes the final ex gratia decision whether to pay and how much, up to R3 000 a month. A participant may receive less or nothing in a given month and has no recourse. Nobody is promised R3 000 every month, and the value is never stated as a total.
What is conditional?
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Your participation. The cash-back is considered only once the prescribed participation is met in full: three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day of the week, using approved Car4Less content; every post submitted to Car4Less for approval before it is released, so that nothing defamatory, incorrect or misleading goes out under the Car4Less name; joining the prescribed groups; and completing the Shop & Save verified-shopping requirement. Only approved, published posts count. No vehicle sale is required.
What is discretionary?
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The payment itself. Even when every requirement is met, any cash-back is an ex gratia payment: a voluntary payment by Car4Less, not one arising from a contractual or legal obligation. Car4Less makes the final decision, in its sole discretion, whether to pay and how much, up to R3 000 a month, subject to the plan's terms and conditions, and the participant has no recourse. Where Car4Less decides to pay, the cash-back goes into your Mastercard rewards card.
Is the guarantee an insurance policy for me?
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No. The performance guarantee is a contingency policy that Car4Less holds with its underwriters for its own funding provision, according to its policy terms, and it is exercised only if Car4Less chooses to. You pay no premium, are not a party to it and have no claim under it. The Payment Saver Plan is most definitely not a policy: you buy no policy, hold no policy and pay no premium. Your cash-back rests on the plan's terms and Car4Less's discretion, not on the policy.
Go further
More in Payment Saver Plan (PSP)
- The Complete Introduction
- Programme Cars, Cash & Finance
- How the Payment Saver Plan Works
- Social-Media Participation
- Post & Share
- Shop & Save
- Performance Guarantee & Content Requirements
- The PSP Cash-Back
- PSP Rewards
- Loyalty Partners
- The R3 000 Payment Saver Concept
- Eligibility
- Rules, the PSP Agreement & Terms and Conditions
- What the Payment Saver Plan Is Not
- Customer Education & Examples
- Core FAQs
- Myths vs Facts
- Compliance, Integrity & Fraud Prevention
- Updates & News
- Search, Google & AI Questions
- Important PSP Principles
- Your Purchase, Delivery & Why No Referral Sale Is Needed
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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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.