

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                                  June
                                November 3021, 2005
                 Date of Report (Dates earliest event reported)


                           NATIONAL AUTO CREDIT, INC.
             (Exact Name of Registrant as Specified in its Charter)



DELAWARE                              1-11601                    34-1816760
(State or Other Jurisdiction of         (Commission                               (I.R.S. Employer
Incorporation or Organization)       File No.)               Identification No.)



                               555 MADISON AVENUE
                                   29TH FLOOR
                               NEW YORK, NY 10022
              (Address of principal executive offices and zip code)


                                 (212) 644-1400
              (Registrant's telephone number, including area code)


                                 NOT APPLICABLE
          (Former name of former address, if changed from last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under and of the
following provisions:

___  [ ] Written communications pursuant to Rule 425 under the Securities Act 
    (17
      CFR 230.425)

___  [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act 
    (17
      CFR240.14a-12)

___  [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Exchange
    Act (17CFR240.14d-2(b))

___  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Exchange
    Act (17CFR240.12e-4(c))




ITEM 7.01 REGULATION FD DISCLOSURE.

              On JuneNovember 3021, 2005, National Auto Credit, Inc. issued a press release
announcing that it consummated itsthe previouslyacquisition disclosedof agreement100% toof settlethe allmembership
outstandinginterest shareholderin litigationOption andTechnologies repurchaseInteractive 1,562,500LLC shares("OTI") of NAC Common
Stock from unaffiliatedFlexner thirdWheatley parties,&
Associates Academyand CapitalMeetingNet ManagementInteractive, Inc., Diamond
A.OTI Partners,is L.P.,a Diamondtechnology A.company
providing Investors,interactive L.P.,software Ridgleaand Investorhardware Services,systems Inc.
and Williamservices S.for Banowskyuse ("thein Sellinglive
events, Stockholders").training Aand copyeducation ofsatellite thatvideoconferencing press
releaseand iscorporate Exhibit 99meeting
services.1 to this report.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

              (c) Exhibit 99.1 Press Release dated JuneNovember 3021, 2005


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                                                                     NATIONAL AUTO CREDIT, INC.
                                                                                                     (Registrant)


Dated: JuneNovember 3021, 2005                                                     By:   /s/ James McNamara
       -------------                                 -------                          ---------------------------
                                                                                                     James McNamara
                                                                                                     Chief Executive Officer



Dated: JuneNovember 3021, 2005                                                     By:   /s/ Robert V. Cuddihy, Jr.
       -------------                                 -------                          --------------------------
                                                                                                     Robert V. Cuddihy, Jr.
                                                                                                     Chief Financial Officer



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