Frequently Asked Questions
How to Become a Supplier Client for TRYGVE?
How to Rent Out Luxury Goods to TRYGVE and Earn Rental Income?
To rent out your luxury goods, first visit ROFNY and select luxury products that meet your budget.
Complete your purchase, ship the items to TRYGVE’s warehouse, register as a member, and wait for TRYGVE to send you a rental agreement.
Once the agreement is issued, you can manage your assets.
What Types of Luxury Goods Can Be Rented Out?
You can rent out various luxury items, including branded handbags, high-end electronics, and jewelry.
All products undergo a strict inspection upon arrival to ensure they meet TRYGVE’s quality standards.
We recommend purchasing products from merchants certified by TRYGVE and CEDG to save on inspection fees and time.
What Are the Steps in the Rental Process?
The process is straightforward:
- Choose and purchase luxury items on ROFNY.
- Ship the items to TRYGVE’s designated address.
- Register as a member, await the issuance of the rental agreement, manage your agreement, view your assets, and track rental income.
How Can I Track My Asset and Rental Income?
After registration, you can log in to the platform to view your asset portfolio, information and contract status, and monitor rental income in real-time.
How Does TRYGVE Ensure the Safety and Value of My Assets?
TRYGVE provides comprehensive insurance and a robust risk management system to protect your assets against theft, damage, negligence, or misconduct
What Kind of Rental Income Can I Expect?
TRYGVE rents your luxury items for a fixed monthly amount, typically offering an annual rental return of 13% based on the asset’s value..
Who Can Become a Supplier Client to Rent Luxury Goods to TRYGVE?
Both individuals and companies can become supplier clients.
We do not accept supplier clients from Afghanistan, Bangladesh, Belarus, Burundi, Cameroon, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Crimea, Cuba, Eritrea, India, Israel, Iran, Iraq, Libya, Myanmar, Nigeria, North Korea, Pakistan, Russia, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Turkey, Ukraine, UAE, Venezuela, or Yemen.
How Long Does It Take from Completing the Purchase to the Activation of the Rental Agreement?
The process of shipping, inspection, registration, and issuing the rental agreement typically takes 9 to 12 business days.
Rental income starts accruing once the agreement takes effect.
Is There a Minimum Amount Requirement?
There is no specific minimum amount requirement; you can select products based on your preferences (specific brands or budget).
How Do I Withdraw My Income?
Rent can be withdrawn daily or monthly (bank fees apply), or you can choose to withdraw once per quarter, with TRYGVE offering a fee waiver every quarter.
The withdrawal process is simple and can be done directly through the platform.
Who Is TRYGVE, and Who Is CEDG?
TRYGVE is an asset leasing and management company that offers rental solutions for luxury and high-end tech products. CEDG manages TRYGVE’s supplier client relationships, assisting supplier clients in applying for and maintaining partnerships with TRYGVE.
What Is TRYGVE’s Lease-Purchase Service?
TRYGVE’s lease-purchase service is a rental program where you lease your luxury goods, high-end tech products, or other valuable assets to TRYGVE.
At the end of the lease term, TRYGVE purchases these items.
How Does TRYGVE’s Lease-Purchase Model Work?
TRYGVE signs a lease-purchase agreement with supplier clients, leasing the products and purchasing them at an agreed price (based on the product price on the contract start date or the appraisal price) at the end of the lease term, ensuring stable income for the supplier clients.
What are the lease terms with TRYGVE?
TRYGVE offers lease-purchase terms of 24 months or 12 months (with an automatic one-time renewal).
How Does TRYGVE Handle Product Maintenance During the Lease Term, and What Costs Are the Responsibility of the Supplier Client?
TRYGVE arranges professional maintenance services and provides commercial insurance. Supplier clients are responsible for the initial product cost, shipping fees to TRYGVE’s designated address, and any associated appraisal fees (if applicable).
How Does TRYGVE Ensure Product Safety During the Lease-Purchase Contract Period?
TRYGVE implements strict security measures and insures the products with commercial and liability insurance, ensuring comprehensive protection of supplier clients’ products throughout the lease term. In case of damage or loss of the rented product, TRYGVE will provide a replacement of the same model. The damaged or lost item then becomes TRYGVE’s property.
How Do Supplier Clients Receive Payments?
TRYGVE transfers rental income to the supplier client’s platform account, from which clients can withdraw funds. Each withdrawal is subject to a $30 international wire transfer fee, with TRYGVE offering a fee waiver for one withdrawal per quarter.
What Are the Benefits of TRYGVE’s Lease-Purchase Program?
TRYGVE offers an all-in-one solution with steady rental demand and a final purchase commitment, helping supplier clients reduce inventory risk and secure stable income.
Can Supplier Clients Terminate the Lease Agreement Early?
Supplier clients can terminate the agreement early, but they must pay an early termination fee, typically 40% of the purchase commitment price.
How Can Supplier Clients Review the Terms of the Lease-Purchase Agreement?
Supplier clients can access detailed agreement terms on TRYGVE’s official website or request them from a CEDG service representative.
Where Are Supplier Client Products Stored?
Unleased products are stored in TRYGVE’s designated warehouse, while leased products are managed by the leasing company.
What Support Services Does TRYGVE Offer, and What Payment Methods Are Available?
TRYGVE offers comprehensive product support services, including rental management, maintenance, and logistics.
TRYGVE pays rent via bank transfer.
How Can Supplier Clients Track the Status of Their Products?
Supplier clients can track product information and contract status through the asset management platform provided by TRYGVE and CEDG.
How Does TRYGVE Handle Supplier Client Complaints or Suggestions, and How Can Clients Maintain Contact with TRYGVE?
CEDG’s customer service team handles supplier client complaints and suggestions.
Supplier clients can contact us via email, the platform, or through CEDG service representatives.
What Is the Minimum Rental Term for Supplier Client Products, and Can the Agreement with TRYGVE Be Transferred?
The minimum rental term is 12 months.
Agreements can only be transferred with TRYGVE’s consent.
How Can Supplier Clients Get Detailed Information and Further Assistance?
Supplier clients can contact CEDG agents or the customer service team for detailed assistance and information.
Do you still have some concerns or queries?
Are you unable to locate the solutions you seek? Feel free to connect with us for further discussion.