[TX] Early Exit on 2023 Kia Lease (23 Months Left) to Lease a Toyota/Chevy Truck
I’m currently leasing a 2023 Kia and need to figure out my options for getting out of it early. We are looking to transition into a Toyota or Chevy truck, but I’m not sure of the best path forward given we don't plan on keeping the Kia.
The Current Situation:
Vehicle: 2023 Kia
Remaining Lease: 23 months
Current Payment: $650/month
Mileage: Under the yearly limit
Equity: Roughly $1,000 negative right now (trade-in value is about $1k below my payoff quote).
The Goal: I want to lease a Toyota (Tacoma/Tundra) or Chevy (Colorado/Silverado) with a target payment of around $450–$500/month.
Where I Need Advice:
Kia’s Buyout Rules: I know Kia Finance America (KFA) generally does not allow lease transfers, and they are notoriously strict about blocking third-party lease buyouts. Because of this, a standalone Chevy or Toyota dealer might not be able to just buy it out directly. Has anyone navigated this recently in Texas? Do I have to trade it into a dealership that has a Kia store in their auto group, or do I have to buy it out myself first?
Rolling Negative Equity: If I am indeed $1k negative, is rolling that into a new lease feasible without completely blowing my $450–$500/month budget?
Feasibility: Are $450–$500/month leases even realistic right now for these crew cab trucks (assuming Tier 1 credit and minimal cash due at signing)?
Any insights, strategies, or recent experiences with exiting a KFA lease early would be hugely appreciated!