5 New Cars Under $12,000

If you want to get cash for giving up your clunker but you’re not sure you can afford to buy a new car, then we’ve got some information that might make you think twice. We spotted a few models on LotPro.com for which the $4,500 Cash For Clunkers incentive amounts to more than a third of the sticker price. Take a look:

1.  2009 Smart fortwo Coupe

List Price: $11,990

Price After Cash for Clunkers Rebate: $7,490

Transmission: push-button switch from automatic to manual

Combined Gas Mileage: 36 miles per gallon

Horsepower: 70 horsepower

The 2009 Smart (Stock Quote: DAI) fortwo Coupe may only have a “radio-ready console,” but this little jellybean of a car has a top speed of 90 miles per hour, and they’re so tiny that two can fit horizontally in one average parking space.

But let’s face it: If you’re reading this, you’re likely more concerned with fuel economy and price, and the Smart fortwo Coupe ranked as the most fuel efficient, all gas-powered vehicle by fueleconomy.gov.