Doing some quick math in my head your MSRP probably needs to be close to 40k or under, and on a model with a RV that pushes 60%, and probably a loaner at that…and yes, your options will be very limited.
I hope you qualify for a lot of incentives (military, college grad, Corp fleet, etc)
This Calc is a completely made up deal with the goal of showing you that BMWs are probably out of the question. I don’t know of any car right now with a MSRP below 50k that’s getting 2.5k in credits without the college rebate. On top of that, getting 11% with base MF is not easy these days.
Your only options here are probably a deeply discounted base X2 loaner If you can find one or a base 330 (they carry the highest RV of the group I believe, but I still think it’s no higher than 57% right now)
I think an XC40 could be doable given some of the deals I’ve seen here, but you’d have to ask the Volvo experts. As for Mercedes, possibly a base GLA, maybe GLB, if @leasecompanion has any more of those 15% off new deals, but even still those are above 400/mo with 0 down
A base Lexus NX is probably worth looking at but they have low residuals and you’re probably looking like high 400s for that as well.
TLDR: My friend, good luck. The key to this is going to be maximizing your rebates and looking for dealers with low fees. And as a Virginian, I hope to god you don’t live in a Tax on the full sale price state.
If you can find a 15k mile lease at under 400 with 0 DAS right now, please let us know!