Trying to decide if we should accept the 2 year option on a lease agreement. The bonus offer is $600 for the first 3 years and $600 for the 2 year option. Is it ever a good idea to accept the option?
I can’t think of a case where it would be a good idea. Remember, it is THEIR option - not yours. If bonuses go up at the end of 3 years, then you lose out on extra bonus money you could have gotten. If bonuses go down at the end of 3years, then they will not exercise their option, and can instead offer you a new lease with lower bonus money.