Car4Less Payment Saver Plan
The guaranteed R3 000 funding provision
A Performance Guarantee. A Contingency Funding Provision. A New-Car Cash-Back Opportunity.
Discover how the Car4Less Payment Saver Plan uses a performance guarantee and contingency funding provision to support the opportunity for qualifying new-car buyers to receive up to R3 000 in monthly cash-back.
The Car4Less Payment Saver Plan incorporates a performance guarantee through a contingency policy designed to provide for the funding of potential cash-back payments, subject to the applicable policy terms and conditions.
The guaranteed element relates to the specific funding provision defined by the performance guarantee. It does not constitute an unconditional guarantee that every customer will receive R3 000 every month.
The clear distinction
Guaranteed. Conditional. Discretionary.
Three words, three different things. Knowing which is which is the key to understanding the plan.
Guaranteed
The funding provision
The specific funding provision covered by the Car4Less performance guarantee, according to the actual policy wording. This is what the guarantee stands behind.
Conditional
Your participation
Your participation in the plan, your compliance with the posting requirements and your eligibility for assessment.
Discretionary
The payment decision
The final decision by Car4Less to make an ex gratia cash-back payment, in accordance with the plan's terms and conditions.
What does the guarantee mean for you?
A defined guarantee. A potential R3 000 monthly cash-back. Clearly stated conditions.
The Car4Less performance guarantee supports the Payment Saver Plan's contingency funding arrangements. The plan provides qualifying new-car buyers with the opportunity to receive an ex gratia cash-back payment of up to R3 000 per qualifying month, paid onto a designated Mastercard, subject to the plan's terms and conditions.
The guarantee must always be understood in the context of the performance guarantee and the contingency policy that supports it.
Step by step
How the guaranteed funding provision works
- 1
The performance guarantee
The Payment Saver Plan incorporates a performance guarantee through a contingency policy. The guarantee applies to the funding provision and operates according to its defined terms and conditions.
- 2
The monthly participation requirements
Customers must satisfy the applicable Payment Saver Plan requirements, including the prescribed content-posting frequency (currently three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day), approved social media channels, permitted content formats and verification procedures. Every post is approved by Car4Less before it is released.
- 3
Performance assessment
Car4Less assesses the participant's compliance with the applicable requirements. The existence of a guaranteed funding provision does not remove the requirement to complete and verify the prescribed participation activities.
- 4
The cash-back decision
Once the applicable requirements have been assessed, Car4Less retains the final decision on whether to make an ex gratia cash-back payment, in accordance with the plan's terms and conditions.
- 5
The potential R3 000 payment
Where Car4Less approves an ex gratia payment, the amount, subject to the plan's applicable limits, is paid onto the designated Mastercard.
Read this carefully
Guaranteed funding does not mean automatic cash-back
The performance guarantee relates to the defined contingency funding provision, not an unconditional promise of monthly cash-back to every participant.
The potential R3 000 monthly cash-back remains subject to participation requirements, compliance verification, the applicable policy and plan terms and conditions, and Car4Less's final decision to make an ex gratia payment.
Car4Less Payment Saver Plan: a performance guarantee supporting a defined contingency funding provision, with the opportunity for qualifying new-car buyers to receive up to R3 000 in monthly cash-back.
Full terms and conditions apply. Please review them before participating.
The guarantee — questions
What does "guaranteed" mean in the Payment Saver Plan?+
It refers to the specific funding provision defined by the Car4Less performance guarantee, a contingency policy that provides for the funding of potential cash-back payments, according to its policy terms and conditions. It does not constitute an unconditional guarantee that every customer will receive R3 000 every month.
Does guaranteed funding mean the R3 000 is paid to me automatically?+
No. Guaranteed funding does not mean automatic cash-back. Your potential cash-back of up to R3 000 a month remains conditional on your participation and on verification of it, and discretionary: Car4Less makes the final decision on whether to make an ex gratia payment.
Am I buying a policy?+
No. The Payment Saver Plan is most definitely not a policy. You buy no policy, hold no policy and pay no premium. The performance guarantee is held by Car4Less with its own underwriters; you are not a party to it and have no claim under it.
What do I have to do to be considered?+
Buy your new car as a Programme Car, financed through the Car4Less finance application, and meet the plan's requirements in full: three approved posts a day on each of Facebook, Instagram, TikTok, YouTube and LinkedIn, every day, with every post approved by Car4Less before release, plus the prescribed groups and the Shop & Save requirement. No car sale is needed to be considered.
How is a cash-back paid?+
Where Car4Less approves an ex gratia payment, it is paid onto your designated Mastercard rewards card, issued and administered by an approved, regulated financial services provider.
Choose your Programme Car
Any new car, financed through the Car4Less finance application, with the Payment Saver Plan and its guaranteed funding provision behind it.