-------------------------------------- FORM 3 OMB APPROVAL -------------------------------------- OMB Number: 3235-0104 Expires: December 31, 2001 Estimated average burden hours per response 0.5 -------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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(f) of the Investment Company Act of 1940 (Print or Type Responses) ------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Kozlov Herbert F. ----------------------------------------------------------- (Last) (First) (Middle) 36 Claremont Rd. ----------------------------------------------------------- (Street) Scarsdale NY 10583 ----------------------------------------------------------- (City) (State) (Zip) ------------------------------------------------------------------------------- 2. Date of Event Requiring Statement (Month/Day/Year) 4/6/01 ------------------------------------------------------------------------------- 3. IRS Identification Number of Reporting Person, if an entity (voluntary) ###-##-#### ------------------------------------------------------------------------------- 4. Issuer Name and Ticker or Trading Symbol National Auto Credit, Inc. (NASD) ------------------------------------------------------------------------------- 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [X] Officer (give title below) [ ] Other (specify below) Secretary -------------------------------------------------- -------------------------------------------------- ------------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ------------------------------------------------------------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [ ] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person -------------------------------------------------------------------------------

3.TABLE ~~Ownership~~I--Non-Derivative ~~Form: 2. Amount of~~ Securities ~~Direct (D) or 1. Title of Security~~ Beneficially Owned ~~Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON~~1. ~~STOCK~~Title ~~(2)~~of ~~613,858~~Security I2. BYAmount ~~VERDE~~of ~~REINSURANCE~~Securities ~~COMPANY,~~3. ~~LTD~~Ownership 4. ~~------------------------------------------------------------------------------------------------------------------------------------~~Nature ~~COMMON~~of ~~STOCK~~Indirect Beneficial Ownership (3Instr. 4) ~~1,463,146~~Beneficially DOwned ~~------------------------------------------------------------------------------------------------------------------------------------~~Form: ~~COMMON~~Direct ~~STOCK~~(Instr. 5) (Instr. 4) ~~203,210~~ (D) ~~------------------------------------------------------------------------------------------------------------------------------------~~or ~~COMMON~~Indirect ~~STOCK~~(I) (Instr. 5) ~~135,480 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (6) 243,860 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (7) 243,860 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (8) 81,290 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (9) 54,190 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (10) 13,550 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~ ~~COMMON STOCK (11) 6,770 D~~ --------------------------------------------------------------------------------------------------------------------~~----------------~~

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5(b)(v). POTENTIAL PERSONS WHO ARE TO 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. (Over) SEC 1473(3-99) FORM 3 (continued)

5.TABLE ~~Owner~~II- ~~3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date~~ -~~--------------------------------~~DERIVATIVE 4.SECURITIES ~~Conver-~~BENEFICIALLY ~~Security:~~OWNED (~~Month/Day/Year) Amount sion or Direct 6~~E. ~~Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1~~G., ~~Title~~PUTS, ofCALLS, ~~Derivative~~WARRANTS, ~~Exer-~~OPTIONS, ~~tion~~CONVERTIBLE ~~of Derivative (I~~SECURITIES) ~~Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)~~ ---------------------------------------------------------------------------------------------------------------------------------- 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conver- 5. Owner- 6. Nature of Security (Instr. 4) cisable and Underlying Derivative Security sion or ship Indirect Expiration (Instr. 4) Exercise Form of Beneficial Date ----------------------------------- Price of Deriv- Ownership (Month/Day/Year) Deriv-~~----------------------------------------------------------------------------------------------~~ ative (Instr. 5) ---------------------~~---------------------------------------------------------------------------------------------------------------~~ Amount ative Security: or Security Direct Date Expira-~~-----------------------------------------------------------------------------------------------------------------------------------~~ Title Number (D) or Exer-~~-----------------------------------------------------------------------------------------------------------------------------------~~ tion of Indirect cisable Date Shares (I) (Instr. 5) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------~~-- ====================================================================================================================================~~

Explanation of Responses: /s/ Herbert F. Kozlov 4/16/01 ---------------------------------------- ------------------ ** Signature of Reporting Person Date ** 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. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2

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