Shaklee News

14
Mar

Car Bonus Program

Are you driving the car of your dreams?  It’s possible with Shaklee!

When you build a Shaklee business and grow to higher levels of Leadership while accumulating higher volumes of product sales, Shaklee will reward you with progressively larger car payments.

Sr Director

Earn up to $250 each month

Sr Coordinator

Earn up to $375 each month

Sr Executive Coordinator

Earn up to $450 each month

Sr Key Coordinator

Earn up to $500 each month

Master Coordinator

Earn up to $600 each month

Presidential Master Coordinator

Earn up to $900 each month

All it takes to get started is to complete a three consecutive month qualification as a Paid As Sr Director doing 5,000CV each month.  This will also be the requirement to receive payouts each month during your 36-month term.

Once the qualification has been completed, Shaklee will send a packet to you which contains the required paperwork along with more details on the options that are available for participating in the Car Bonus Program. In addition, we include several gifts as well, that you can use on your new Shaklee car.

  • Business Leaders in the Dream Plan are eligible for the Car Bonus Program.
  • Qualified Business Leaders who have an eligible vehicle that they already own can participate in the Car Bonus Program as well.
  • The vehicle may be either a new or certified pre-owned vehicle with model year within the last five years (e.g., If the registration is submitted in 2020, then the model year can be 2016 or newer)
  • Business Leaders may participate in the Car Bonus Program for each rank only once.

If you don’t have a down payment right now to purchase a car, Shaklee will bank your earned Car Bonus payouts so you will have a lump sum of funds to use toward your Drive off fees for a leased vehicle, or toward the down payment of a purchased vehicle.

Business Leaders may request to have Shaklee reserve up to six months of Car Bonuses for them, which they may use toward the “Drive-off” charges on a car lease or toward the down payment on a purchased vehicle. Business Leaders who wish to request this option will send in Car Bonus Program Drive-Off/Down Payment Assistance Agreement to Shaklee indicating this choice.

The remaining period during which monthly car bonuses can be earned will be reduced by the number of months that bonuses have been placed on reserve, and will start in the month after Shaklee receives documentation of the purchase or lease of a car. Once the reserve period has elapsed, a request to receive these funds must be made within 90 days.

Once the check has been issued for the reserved funds, a copy of a purchase or lease agreement must be received by Shaklee within 60 days of the date of the check. If Shaklee does not receive a copy of the Purchase or Lease Agreement within the 60-day period, Shaklee may debit your Shaklee account for the amount of the check issued for these reserved funds.

Registration

Whether you are using a vehicle you already own, or you are planning on going car shopping, the forms that need to be sent to Shaklee are the same.

Business Leaders wishing to participate in the Car Bonus Program must send to Shaklee a completed Car Program Registration form, along with documentation of car lease or purchase, and a picture of the Business Leader with their car, within 6 months after the Qualification Period is completed.

RankCV requirementPayout Gas/Hybrid
Sr Director5,000$225/$250
Sr Coordinator7,000$325/$375
Sr Executive Coordinator9,000$400/$450
Sr Key Coordinator13,000$450/$500
Master Coordinator15,000$500/$600
Presidential Master Coordinator23,000$800/$900

Each term is 36 months, and payouts will be paid in each month in which the Business Leader has met the minimum requirements.

If a Business Leader’s Paid As Title falls below the minimum requirement for the current term in any given month, the Business Leader will earn the next lower Rank Pay out. (ex: If a Business Leader in the Sr Coordinator Car Bonus term, fails to maintain their Sr Coordinator Paid As title, they will receive $225/$250 payout for that month as long as they have the 7,000CV for that month)

If a Business Leader has less than the minimum CV requirement in any given month, or takes a Volume Grace Month, there will not be a payout made for that month.

Don’t let that stop you from advancing in Rank!

If you are currently participating in the Sr Director Car Bonus Program, and you become a Sr Coordinator doing 7000CV, you will earn the higher payout for that month.

This does not impact the Business Leader’s eligibility to participate in the Sr Coordinator Car Program, once the 36 months in the Sr Director Program have ended.

Once any 36-month term has been accomplished, there is a three-month qualification period for the new higher title and CV requirements.

DREAM PLAN QUESTIONS

  • What is the Shaklee Car Program, and who is eligible to participate?

The Shaklee Car Program is a new and exciting element in our rewards and incentives program. Anyone who is a Business Leader in the Dream Plan may participate by achieving the qualifications at each of the ranks listed below, and then meeting the specified minimum Car Volume (CV) for your rank, each and every month during the payment period.

RankCar Volume (CV)Qualification PeriodGas / Hybrid Credit
Senior Director5,0003 consecutive months$225 / $250
Senior Coordinator7,0003 consecutive months$325 / $375
Senior Executive Coordinator9,0003 consecutive months$400 / $450
Senior Key Coordinator13,0003 consecutive months$450 / $500
Master Coordinator15,0003 consecutive months$500 / $600
Presidential Master Coordinator23,0003 consecutive months$800/ $900
  • What is “Car Volume” and how is it calculated?

Car Volume (CV) is defined as your unencumbered Personal Group Volume plus up to 2000 in credit for each first generation leader.

  • What is unencumbered Personal Group Volume?

Unencumbered volume is a term that only really applies in the month that you promote a First Generation Director. It refers to your total Personal Group Volume, not including the Personal Group Volume of that First Generation Director in the month that he or she promotes.

  • What are some examples of how this would work?

See below.

Example: Jean becomes a Senior Director, with one first generation leader who does 2000. Her own Personal Group Volume is 3000 and she gets credit for 2000 of the volume that her first generation leader does. She has a total of 5000 CV, and once she maintains this for 3 consecutive months, she will have qualified for the Senior Director Car.

Example: Michael is a Senior Director as well, but with two first generation leaders. In the month they promote, Michael’s Unencumbered Group Volume is 1000. His two leaders earn him 2000 credit each, for a total of 4000. He has a total of 5000 CV, and once he maintains this for 3 consecutive months, he too will have qualified for the Senior Director Car.

  • What is the impact of a Volume Grace Month on someone who is in qualification to participate in the Car Program for their rank?

Any month in which you take a Volume Grace Month (VGM) or waiver cannot be counted as part of your qualification. Likewise, any month in which you take a VGM while you are receiving car payments makes you ineligible to receive a car payment for that month, regardless of whether or not other qualifications have been met.

  • What if one of my first generation leaders has a Volume Grace Month – do I get credit for their volume?

Yes, the way it works is you earn up to 2000 in credit for each First Generation Leader. But if the first generation is in a VGM and does less, you get credit for their actual volume.

  • Once someone qualifies, what do they need to do to earn the car payment?
  • How long is the payment period?

The payment period for each rank’s Car Program is 36 months.

  • Is there a maintenance requirement?

Yes, you must maintain the required CV for your rank each and every month during the payment period in order to receive a car payment. 

  • How is the Car Bonus paid?

Car Bonus payments appear on the Summary page of the monthly Bonus statement each month they are earned, as well as in the Car Bonus Program section that includes each month’s payments and the accumulated amount of Car Bonus Payouts earned to date. Also included is the number of months remaining in the current term.

  • What if my rank falls below the rank of the Car Program in which I’m participating?

As long as your required CV for your rank is met, you will still receive a car payment, but it will be the payment associated with your Paid As rank for that month. 

  • What if my CV falls below the required amount?

In any month in which your CV falls below the required amount for your rank, no car payment will be paid for that month.

  • What if my rank increases while I’m participating in the Car Program?

If your rank increases to another rank at which you could qualify for a higher car payment, then we will increase your payment, as long as you also achieve the CV required for that rank. This does not impact your eligibility to then participate in the Car Program for the higher ranks, once the 36 months in the lower rank Car Program have passed.

  • What if I don’t have the down payment or initial payment for a lease in order to purchase or lease a car at the time I am qualified?

Business Leaders may choose to have Shaklee reserve six months of Car Bonuses for them, which they may use to pay the “drive-off” charges on a car lease or the down payment for a purchase. Business Leaders who wish to use this option need to indicate that on the Car Program Registration form and fill out the Drive Off / Down Payment Agreement Form. The remaining period during which monthly car bonuses can be earned will be reduced by the number of months that bonuses have been placed on reserve.

  • What if I accrue banked funds but don’t purchase/lease a new car?

Any banked amounts accrued can only be used toward the purchase or lease of a qualifying car.

  • What if I receive the banked funds but don’t purchase or lease a new car?

If proof of purchase/lease is not provided to Shaklee within the 60 day window, these banked funds issued may be charged back to your Shaklee account.

  • What happens after the payment period is over?

Dream Plan Business Leaders may participate in the Car Program for each rank only once. So while you are participating in the Car Program for your rank, you will also be working to achieve the next rank at which you can participate again. Once you have achieved that higher rank and completed the qualifications for the Car Bonus at that new level, you can sign a new Car Program Registration form for the next 36 month term and continue to receive payments.

  • Can I receive car payments for a car that I have already purchased or leased (before my qualifications were completed?

Yes. The car may be either a new car or certified pre-owned car with model year within the last three years.

  • If I earn the ability to participate in the Car Program, can I choose to receive the payment without a car?

No, the car payment is only paid if proof of purchase or lease of a car is provided.

X

Send this to a friend

I thought you might like this...

https://events.shaklee.com/car-bonus-program/