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 3 years, then they will not exercise their option, and can instead offer you a new lease with lower bonus money.