Subscribe to Own" (STO) Service and How Does It Work?

Understanding the "Subscribe to Own" (STO) Service

Invygo's "Subscribe to Own" (STO) service offers you a way to use a car with the option to own it at the end of your subscription period.

Where is the "Subscribe to Own" Service Available?

• Currently, this service is available in Riyadh and Jeddah only in Saudi Arabia.

How Does the "Subscribe to Own" Service Work?

1. Browse and Select Your Car:

   • You can explore available cars under this program through the Invygo app, in the "Subscribe to Own" section.

   • You'll find car details, monthly fees, and the final ownership payment amount.

   • Choose the car that suits you, along with your preferred subscription duration (typically ranging from 6 to 60 months, depending on the car).

2. Complete Procedures via the App:

   • All steps are handled electronically through the Invygo app, including:

     • Uploading required documents.

     • Selecting your subscription and insurance plan.

     • Making payments.

     • Obtaining approval from the dealer (car supplier).

3. Initial Payment (Booking Fee):

   • When booking, you will make an initial payment to secure the car. This is done via the app only.

   • Important Note: This payment is not part of the first monthly installment and is non-refundable, even if you decide to return the car later.

4. Monthly Installments (Deferred Payment System):

   • After receiving the car, you will start paying monthly installments.

   • The first monthly installment is due 30 days after you receive the car.

5. Final Payment and Ownership:

   • At the end of the agreed subscription period, you will make the predetermined "final payment."

   • Once the final payment is settled, the car's ownership will be transferred to your name.

   • Installment Option: You can often opt to pay the final payment in installments (usually up to three installments), if you prefer.

Illustrative Example:

• If you book a car and receive it on the 1st of the month:

  • You will pay the booking fee (non-refundable initial payment) during the booking process via the app.

  • Your first monthly installment will be due on the 1st of the following month (after you have used the car for 30 days).