u/Jumpy-Set3359

Hi,

We’re first-time buyers, and would like to know your thoughts about Lease-to-Own payment schemes, with an option to purchase at the end of the lease term, offered by developers.

RLC is offering 10 Years No Downpayment, No Bank Finance, 0% Interest Rate, 10 Years repayment for their Cirrus Condominium in Bridgetowne, and we’re seriously considering it given na 0% interest siya, and 10 years to pay lang (unlike bank financing).

Has anyone tried this type of payment scheme before, and what are your honest thoughts/opinions? Or is there anything to be worried about?