Here's the situation. My 2017 hyundai elantra lease is up August 2019. I currently live in California and plan to move out of state in couple weeks. The lease itself is under our friend's name and I'm just making payments on it. As far as I understand, in order to get out of lease early I'll need to pay the remaining amount on the lease ($186.80/month) + $400 termination fee (according to the contract) + any applicable taxes. Car is in good shape and has almost 25K mileage (10K a year, 30K total). I asked Hyundai Motor Finance to whom I'm making payment to about possibility to transfer the lease under my name, but they don't offer that. So I guess my only option is to terminate the lease early, which will cost me around $2.5K.
What are your thoughts on this? Am I missing something here?