UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB

(Mark One)


X    QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE ACT
     OF 1934

     For quarterly period ended September 30, 2001

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

     For the transition period from _____ to _______

Commission file number:    000-30554


                                Future Carz, Inc.
                                -----------------
             (exact name of registrant as specified in its charter)


Nevada                                                        88-0431029
------                                                        ----------
(State or other jurisdiction of                (IRS Employer Identification No.)
incorporation or organization)


8930 East Raintree, Suite 300, Scottsdale, AZ                  85260
----------------------------------------------------------------------
(Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code:           (480) 444-0080
                                                              --------------


Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required by Section 13 or 15 (d) of the  Securities  Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No ___

The number of shares of the Registrant's Common Stock, as of September 30, 2001:
8,652,087



<PAGE>



                                FUTURE CARZ, INC.
                  FORM 10-QSB, QUARTER ENDED SEPTEMBER 30, 2001


<TABLE>
                                      INDEX
<CAPTION>

PART I    FINANCIAL INFORMATION

ITEM 1    FINANCIAL STATEMENTS

<S>                                                                                                         <C>
Consolidated Balance Sheet as of September 30, 2001                                                           3

Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2001 and 2000         4

Consolidated Statements of Cash Flows for the Three and Nine Months Ended September 30, 2001                  5

Notes to Consolidated Financial Statements                                                                    6

All schedules are omitted because they are not applicable or the required
information is shown in the financial statements or notes thereto.

Item 2  Management's Discussion and Analysis                                                                7-9

PART II   OTHER INFORMATION

Item 1 Legal Proceedings                                                                                     10
Item 2 Changes in Securities                                                                                 10
Item 3 Defaults Upon Senior Securities                                                                       10
Item 4 Submission of Matters to a Vote of Security Holders                                                   10
Item 5 Other Information                                                                                     10
Item 6 Exhibits and Reports on Form 8-K                                                                      10

         Signatures                                                                                          11

</TABLE>

<PAGE>


Item 1.  Financial Statements
                                Future Carz, Inc.
                           Consolidated Balance Sheet
                               September 30, 2001
                                   (Unaudited)

<TABLE>
<CAPTION>
Assets
<S>                                                                          <C>
Current assets:
    Accounts receivable                                                      $      15,270
    Prepaid expenses                                                               446,667
                                                                                   -------
        Total current assets                                                       461,937
                                                                                   -------

Fixed assets, net                                                                  318,793

Other assets                                                                         1,425
                                                                                   -------
                                                                             $     782,155
                                                                                   =======

Liabilities and Stockholders' (Deficit)

Current liabilities:
    Bank overdraft                                                           $       6,523
    Accounts payable                                                               369,663
    Notes payable - stockholders                                                   256,959
                                                                                   -------
         Total current liabilities                                                 633,145
                                                                                   -------

Stockholders' (Deficit):
   Preferred stock, $0.001 par value,
      5,000,000 shares authorized, no shares
      issued and outstanding
   Common stock, $0.001 par value, 20,000,000
      shares authorized, 13,672,087 shares issued and                               13,672
      outstanding
   Additional paid-in capital                                                    4,549,272
   Accumulated (deficit)                                                        (4,413,934)
                                                                                -----------
                                                                                   149,010
                                                                                   -------
                                                                             $     782,155
                                                                                   =======
</TABLE>

<PAGE>


                                Future Carz, Inc.
                      Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>
                                   For the three months       For the three months      For the nine months      For the nine months
                                   ended September            ended September           ended September          ended September
                                   30, 2001                   30, 2000                  30, 2001                 30, 2000
                                   --------                   --------                  --------                 --------
<S>                                <C>                        <C>                       <C>                      <C>
Revenue                            $           42,313          $            -           $     176,447            $            -
                                   ------------------          --------------           -------------            --------------

Expenses:
General and Administrative                  1,863,929                  10,838               4,285,072                    17,700
Depreciation and amortization                  34,688                   1,424                  55,784                     4,271
                                            ---------                  ------               ---------                    ------
                                            1,898,617                  12,262               4,340,856                    21,971
                                            ---------                  ------               ---------                    ------

Net operating (loss)                       (1,856,304)                (12,262)             (4,164,409)                  (21,971)

Other income (expenses):
Interest income                                    -                       -                    3,899                          -
Interest expense                              (10,042)                     -                  (18,613)                         -
Loss on sale of assets                        (28,574)                     -                  (28,574)                         -
                                           -----------                --------              ----------                   --------

Net (loss)                         $       (1,894,920)         $      (12,262)          $  (4,207,697)            $      (21,971)
                                   ===================         ===============          ==============            ===============
Weighted average number of
common shares outstanding -
basic and fully diluted                    13,021,867               5,328,087              10,198,607                  5,328,087
                                   ===================         ===============          ==============            ===============

Net (loss) per share - basic
and fully diluted                  $            (0.15)         $        (0.00)          $       (0.41)            $        (0.00)
                                   ===================         ===============          ==============            ===============
</TABLE>

<PAGE>


                                Future Carz, Inc.
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                                For the nine months ended   For the nine months
                                                                                September 30, 2001          ended September 30, 2000
                                                                                ------------------          ------------------------
<S>                                                                             <C>                         <C>
Cash flows from operating activities:
Net cash provided by (used in) operating activities                             $           (262,835)       $             44,300
                                                                                ---------------------       --------------------

Cash flows from investing activities:
     Purchase of fixed assets                                                                (37,391)                          -
     Proceeds on disposal of fixed assets                                                     30,350                           -
     Organization costs                                                                       (1,500)                          -
                                                                                ---------------------       --------------------

Net cash  (used in) investing activities                                                      (8,541)                          -
                                                                                ---------------------       --------------------

Cash flows from financing activities:
     Proceeds from notes payable - stockholders                                              194,119                           -
                                                                                ---------------------       --------------------
Net cash provided by financing activities                                                    194,119                           -
                                                                                ---------------------       --------------------

Net increase (decrease) in cash                                                 $            (77,257)       $             44,300
Cash - beginning                                                                              77,257                       5,082
                                                                                ---------------------       --------------------

Cash - ending                                                                   $                  -        $             49,382
                                                                                =====================       ====================
</TABLE>

<PAGE>

                                Future Carz, Inc.
                   Notes to Consolidated Financial Statements
                                   (Unaudited)


Note 1:  Basis Of Presentation

The accompanying unaudited financial statements have been prepared in accordance
with accounting  principles  generally  accepted in the United States of America
for interim  financial  information.  They do not include all of the information
and footnotes required by accounting principles generally accepted in the United
States  of  America  for  complete  financial  statements.  In  the  opinion  of
management,  all adjustments,  consisting only of normal recurring  adjustments,
considered  necessary  for a  fair  presentation,  have  been  included  in  the
accompanying  unaudited financial statements.  Operating results for the periods
presented are not necessarily indicative of the results that may be expected for
the full year. For further  information,  refer to the financial  statements and
notes therto,  included in the Company's Form 10-KSB for the year ended December
31, 2000.

Note 2:  Earnings Per Share

The Company  calculates net income (loss) per share as required by SFAS No. 128,
"Earnings per Share." Basic earnings  (loss) per share is calculated by dividing
net income (loss) by the weighted  average  number of common shares  outstanding
for the period.  Diluted earnings (loss) per share is calculated by dividing net
income  (loss) by the  weighted  average  number of common  shares and  dilutive
common stock equivalents outstanding. During the periods presented, common stock
equivalents were not considered, as their effect would be anti-dilutive.

Note 3:  Stockholders' (deficit)

On  July  15,  2001  the  Company  entered  into  an  Asset  Purchase  Agreement
("Agreement")  with American  Automotive Group, Inc.  ("American"),  whereby the
Company  acquired the assets of American in exchange for 3,000,000 shares of its
$0.001 par value common  stock.  Pursuant to the  Agreement,  the holders of the
shares  shall  have  piggyback  registration  rights.  In  conjunction  with the
Agreement  the Company  also  entered into a  Noncompetition  Agreement  whereby
American  shall not  compete  with the  Company for a period of 2 years from the
date of the Agreement.

During the quarter ended  September 30, 2001,  the Company  entered into various
consulting  and  employment  agreements in exchange for 2,020,000  shares of the
Company's  common  stock.  The  agreements  range in term from six months to one
year, and will be expensed accordingly.

<PAGE>

Item 2. Management's Discussion and Plan of Operation

Forward Looking Statements
--------------------------

This Quarterly  Report contains  forward-looking  statements about our business,
financial condition and prospects that reflect our assumptions and beliefs based
on  information  currently  available.   We  can  give  no  assurance  that  the
expectations  indicated by such forward-looking  statements will be realized. If
any of our  assumptions  should  prove  incorrect,  or if any of the  risks  and
uncertainties  underlying  such  expectations  should  materialize,  our  actual
results  may differ  materially  from  those  indicated  by the  forward-looking
statements.

The key  factors  that are not  within  our  control  and that may have a direct
bearing on operating results include,  but are not limited to, the acceptance of
our services,  our ability to close auto loans,  our ability to raise capital in
the future,  the retention of key employees and changes in the regulation of our
industry.

There may be other risks and circumstances  that we are unable to predict.  When
used in this Quarterly Report, words such as, "believes,"  "expects," "intends,"
"plans,"  "anticipates,"  "estimates"  and similar  expressions  are intended to
identify   forward-looking   statements,   although   there   may   be   certain
forward-looking   statements   not   accompanied   by  such   expressions.   All
forward-looking statements are intended to be covered by the safe harbor created
by Section 21E of the Securities Exchange Act of 1934.

General
-------

Future  Carz,  Inc.  ("Future  Carz" or the  "Company"),  a  Nevada  corporation
incorporated on July 13, 1999, is in the used automobile leasing industry with a
principal  business  objective  to offer  financial  alternatives  to  qualified
individuals who do not meet traditional  financing terms. The Company was in the
development  stage through  February 23, 2001. We have launched a dealer network
positioned to service the sub-prime  credit segment of the auto leasing  market.
We apply a proven formula with rigorous controls to qualify potential borrowers.
The result is a new type of leasing  organization  capable  of  building  highly
profitable  brand-name  stores  in a largely  untapped  market  within  the used
automobile industry.

Our  system is aimed at  providing  individuals  with an  affordable  lease on a
quality pre-owned vehicle.  While consumers are using the our system,  they work
towards  building back good credit,  as the Company reports  regularly to credit
bureaus.

Results of Operations
---------------------

In early 2001, we completed the  acquisition  of certain  assets of Auto Central
Discount,  Inc. of San Diego,  CA. In July 2001, we completed the acquisition of
certain assets of American  Automotive  Group, Inc. We currently have operations
in San Diego, California, and Glendale and Scottsdale, Arizona.

Additionally,  our web site  (www.futurecarz.com) has been remodeled to offer an
array of features  aimed at informing  and  educating  interested  parties about
Future Carz,  our products and  services,  corporate  concept and  potential for
success.  Key features of the site include an overview of auto  leasing,  common
terminology,  and detailed  corporate  information  on the  operations of Future
Carz.

We depend on the  growing use and  acceptance  of the  Internet as an  effective
medium of commerce by merchants and  customers.  Decreased  levels of e-commerce
transactions  and the lack of acceptance of the Internet as a medium of commerce
could have a material adverse effect on our operations.

<PAGE>

Comparative
-----------

Revenue for the three months ended  September 30, 2001 was $42,313,  nine months
ended  September 30, 2001 was $176,447,  as compared to the three and nine month
periods ended  September 30, 2000 when we reported no revenue.  We have steadily
increased  revenue  since  inception  due  to  the  growing  acceptance  in  the
marketplace for our products and services.  The Company upon purchase of certain
assets of Auto Central Discount, Inc. initiated auto-leasing operations.

Total  operating  expenses for the three months  ended  September  30, 2001 were
$1,898,617.  This  represents  an  increase  of  $1,886,355  in total  operating
expenses from the comparable  three month period ended  September 30, 2000, when
we reported total operating  expenses of $12,262.  Total operating  expenses for
the nine months ended  September 30, 2001 were  $4,340,856.  This  represents an
increase of $4,318,885 in total  operating  expenses  from the  comparable  nine
month period ended September 30, 2000, when we reported total operating expenses
of $21,971.  The  Company's  operating  expenses  include the  necessary  sales,
general and administrative  expenses associated with the auto-leasing operations
and also include  $1,565,940 and $1,566,300 of financing  costs  associated with
the Auto Central Discount and American Automotive asset purchases.

As we establish our brand name in the marketplace,  we believe that our need for
outside  consultants will be greatly  diminished once initial  development stage
activities  are completed and continue to generate  increasing  revenues.  Given
this  outcome,  it is our  intention  to hire  key  personnel  to  carry  on the
functions now performed by numerous outside independent consultants.

Due to our  general  and  administrative  expenses  incurred  year to  date,  we
recorded a net loss for the nine months ended  September  30, 2001 of $4,207,697
as compared to the loss of $21,971  reported in the  comparable  period of 2000.
Furthermore,  as of September 30, 2001 the company had a working capital deficit
of $171,208.  The net cash used in  operational  activities  for the nine months
ended  September  30, 2001 was  $262,835  as  compared  to net cash  provided by
operational activities of $44,300 reported in the comparable period of 2000.

Future Business
---------------

Over the next six to nine months we plan to solidify  the overall  structure  of
the business plan. This will include keeping the key employee's  obtained in the
acquisitions  as well as marketing our system through various ad campaign's i.e.
news paper, internet,  etc. Our goal is to become one of the leading alternative
pre-owned auto- leasing sources in the nation.

For  various  reasons,  there will always be people  with  credit  problems.  We
believe that an opportunity exists to capitalize on this built in segment of the
automotive leasing industry. As we attempt to capture the market for leased used
vehicles in a target price range of $5,000 to $8,000, we face the uncertainty of
the  availability  of  these  vehicles.  Our  focus  will be on  developing  and
maintaining  a consistent  inventory of used  vehicles both in terms of cost and
quality.

Liquidity and Capital Resources
-------------------------------

Net Loss. Due to the  significant  administrative  expense  related to the asset
purchases of Auto Central Discount and American Automotive, we experienced a net
loss of $4,207,697 for the nine months ended  September 30, 2001, as compared to
a net loss of $21,971 in the nine month period  ended  September  30, 2000.  Our
business is very capital intensive.  Our return on investment is greater than in
most other  industries;  however,  we do need to close a larger number of leases
before we become profitable.

<PAGE>

We estimate our capital  requirements to total approximately  $125,000 per month
for the next 12 to 24 months.  We are  currently in the process of  conducting a
Rule 506 $1,000,000  Private Placement  Offering to raise additional cash. It is
expected  that the  proceeds  from this  offering,  in  addition  to the roughly
$15,000 in revenue  being  generated on a monthly  basis,  will be sufficient to
continue  existing  operations  over  this  period.  In  addition,  the  Company
anticipates   that   short-term   operational   loans  will  be  available  from
shareholders.

<PAGE>

                          PART II -- OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

None

ITEM 2.    CHANGES IN SECURITIES

None

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None

ITEM 5.    OTHER INFORMATION

None

ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K

None

<PAGE>

                                 SIGNATURE PAGE

         Pursuant to the requirements of section 13 or 15(d) 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.


                                                               FUTURE CARZ, INC.

                                                           /s/ Edward C. Heisler
                                                           ---------------------
                                                               Edward C. Heisler
                                                                       President

Dated: December 4, 2001