4 1 file001.txt FORM 4 FORM 4 ------------------------------ OMB APPROVAL [ ] Check this box if no longer subject ------------------------------ to Section 16. Form 4 or Form 5 OMB Number: 3235-0287 obligations may continue. See Expires: January 31, 2005 Instruction 1(b). Estimated average burden hours per response.........0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* McNAMARA JAMES J. -------------------------------------------------------------------------------- (Last) (First) (Middle) C/O NATIONAL AUTO CREDIT, INC. 555 MADISON AVENUE, 29TH FLOOR -------------------------------------------------------------------------------- (Street) NEW YORK NEW YORK 10022 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name AND Ticker or Trading Symbol NATIONAL AUTO CREDIT, INC. [NAKD] -------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year NOVEMBER 15, 2002 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) -------------------------------------------------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [X] 10% Owner [X] Officer (give title below) [ ] Other (specify below) CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE OFFICER ------------------------------------------------- -------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person --------------------------------------------------------------------------------

Reminder: Report on a separate ine for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER FORM 4 (CONTINUED)

Explanation of Responses: (1) Expected vesting of options granted on December 15, 2000. By: /s/ James J. McNamara ----------------- James J. McNamara Date 11/15/02 **Signature of Reporting Person ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

NATIONAL AUTO CREDIT INC 4