The R3 000 Payment Saver Concept

How the R3 000 maximum works, the fixed R6 500 less R3 000 illustration, and why the ex gratia payment is never an automatic reduction of your instalment.

The R3 000 figure is the maximum ex gratia payment a participant may receive each month under the plan, and the reason the Payment Saver Plan exists. The illustration used across Car4Less is deliberately fixed: a normal instalment of R6 500, less potential cash-back of up to R3 000*, gives an effective instalment of R3 500 (example only; T&C's apply. *Ex gratia, subject to the Payment Saver Plan terms and Car4Less's determination). Your instalment, which includes the PSP cost, is still paid by debit order to the bank as usual; the cash-back, where paid, arrives alongside it.

The questions below deal with the limits of that illustration: R3 000 is a maximum, not an automatic reduction, not available without meeting the qualifying requirements in full, and not income or an investment return. It also does not depend on anyone buying a car because of you. Over a full finance term, what you could potentially receive back far exceeds the cost of the plan, but Car4Less never states the value as a total.

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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.

The R3 000 Payment Saver Concept — questions

The questions people ask about the r3 000 payment saver concept, answered plainly.

What is the R3 000 Payment Saver concept?

It refers to the potential ex gratia payment of up to R3 000 a month under the PSP, which effectively reduces your monthly vehicle instalment, subject to the qualifying requirements being met in full and to Car4Less's final determination.

Does R3 000 mean my vehicle instalment is automatically reduced by R3 000?

No. Your contractual instalment to the bank does not change and continues to be paid by debit order. The R3 000 is a potential ex gratia payment that may effectively reduce what the instalment costs you.

Can you give an example of how the concept works?

For illustration only: if a normal vehicle finance instalment were R6 500 and Car4Less made an ex gratia payment of R3 000 that month, the effective cost could be illustrated as R3 500 (example only; T&C's apply). This example does not alter the contractual instalment and does not mean that any participant is entitled to R3 000; any payment is subject to the plan's terms and Car4Less's determination.

Does the R3 000 apply regardless of participation?

No. The qualifying requirements (Post & Share at the prescribed quantities and frequencies, the prescribed groups and Shop & Save) must be met in full, and any payment remains subject to Car4Less's final determination. No vehicle sale resulting from your activity is required.

Is the R3 000 income or an investment return?

Neither. The PSP is not an investment, and a payment under it is not income: R3 000 is the maximum ex gratia payment that Car4Less may make, in its sole discretion, to a participant who meets every requirement. No income is promised, and the participant has no recourse.

Is the Payment Saver Plan worth more than it costs?

Potentially, yes. Over a full finance term, what you could potentially receive back far exceeds the cost of the plan, which is incorporated into the vehicle's financeable retail price. Car4Less never quotes a total, because each month's ex gratia cash-back depends on the requirements being met in full and on Car4Less's final determination.

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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