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

                                   FORM 10-QSB

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the quarterly period ended: June 30, 2003

                                       Or

[ ] 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                               (I.R.S. Employer
incorporation or organization)                               Identification No.)


717 Union Street, Suite K, San Diego, CA                             92101
(Address of principal executive offices)                           (Zip Code)


                                 (619) 696-3690
              (Registrant's telephone number, including area code)

                                       N/A
              (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed 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 [ ] No [X]

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date: 52,856,900
<PAGE>
                                Future Carz, Inc.
                           Consolidated Balance Sheet
                                 June 30, 2003
                                   (Unaudited)


                                     ASSETS

CURRENT ASSETS
  Cash                                                              $    43,830
                                                                    -----------

FIXED ASSETS, net                                                           400
                                                                    -----------
LEASE ASSETS
  Net investment in operating lease vehicles                            186,407
  Vehicles held for lease                                               185,100
                                                                    -----------
                                                                        371,507
                                                                    -----------

                                                                    $   415,737
                                                                    ===========

                     LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES
  Accounts payable and accrued expenses                             $   182,820
  Operating advances - related parties                                   71,266
  Note payable                                                          100,000
  Note payable - related party                                          136,000
                                                                    -----------
      Total current liabilities                                         490,086
                                                                    -----------

STOCKHOLDERS' (DEFICIT)
  Preferred stock, $0.001 par value, 5,000,000 shares
   authorized, no shares issued and outstanding                              --
  Common stock, $0.001 par value, 100,000,000 shares
   authorized, 52,856,900 shares issued and outstanding                  52,857
  Additional paid-in capital                                          6,632,216
  Deferred compensation                                                 (28,875)
  Accumulated (deficit)                                              (6,730,547)
                                                                    -----------
                                                                        (74,349)
                                                                    -----------

                                                                    $   415,737
                                                                    ===========

   The accompanying notes are an integral part of these financial statements.

                                       1
<PAGE>
                                Future Carz, Inc.
                      Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>
                                       For the three months ended June 30,   For the six months ended June 30,
                                           2003                2002              2003                2002
                                        -----------         -----------       -----------         -----------
<S>                                     <C>                 <C>               <C>                 <C>
REVENUE                                 $    15,324         $        --       $    28,021         $        --
                                        -----------         -----------       -----------         -----------
EXPENSES
  General and administrative                 47,588              77,716            66,408             182,878
  Depreciation and amortization               5,310                 758            10,234               1,516
  Non-cash stock compensation                 4,125             600,526             4,125           1,015,214
                                        -----------         -----------       -----------         -----------
                                             57,023             679,000            80,767           1,199,608
                                        -----------         -----------       -----------         -----------

NET OPERATING (LOSS)                        (41,699)           (679,000)          (52,746)         (1,199,608)
                                        -----------         -----------       -----------         -----------
OTHER INCOME (EXPENSE)
  Loss on disposal of assets                     --              (1,400)               --                (899)
  Interest expense                           (1,250)             (4,559)           (1,250)            (13,659)
                                        -----------         -----------       -----------         -----------
                                             (1,250)             (5,959)           (1,250)            (14,558)
                                        -----------         -----------       -----------         -----------

NET (LOSS)                              $   (42,949)        $  (684,959)      $   (53,996)        $(1,214,166)
                                        ===========         ===========       ===========         ===========
PER SHARE INFORMATION

WEIGHTED AVERAGE SHARES OUTSTANDING -
 BASIC AND DILUTED                       52,856,900           6,121,108        52,202,204           5,895,828
                                        ===========         ===========       ===========         ===========

NET (LOSS) PER COMMON SHARE             $     (0.00)        $     (0.11)      $     (0.00)        $     (0.21)
                                        ===========         ===========       ===========         ===========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       2
<PAGE>
                                Future Carz, Inc.
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                             For the six months ended June 30,
                                                                 2003               2002
                                                               ---------         ---------
<S>                                                            <C>               <C>
CASH FLOW FROM OPERATING ACTIVITIES
  Net cash (used in) operating activities                      $ (37,109)        $ (81,286)
                                                               ---------         ---------
CASH FLOW FROM INVESTING ACTIVITIES
  Proceeds from assets held for sale                                  --            26,727
  Purchase of lease assets                                      (141,490)               --
                                                               ---------         ---------
Net cash provided by (used in) investing activities             (141,490)           26,727
                                                               ---------         ---------
CASH FLOW FROM FINANCING ACTIVITIES
  Net proceeds from operating advances, related parties           68,766                --
  Proceeds from note payable                                     100,000                --
  Proceeds from notes payable - related parties                       --            54,570
                                                               ---------         ---------
Net cash provided by financing activities                        168,766            54,570
                                                               ---------         ---------

Net increase (decrease) in cash                                   (9,833)               11
Cash - beginning                                                  53,663                --
                                                               ---------         ---------
Cash - ending                                                  $  43,830         $      11
                                                               =========         =========
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>
                                Future Carz, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2003
                                   (Unaudited)


NOTE 1. BASIS OF PRESENTATION

The accompanying  unaudited consolidated 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 consolidated 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
consolidated  financial statements and notes thereto,  included in the Company's
Form 10-KSB/A as of and for the two years ended December 31, 2002.

NOTE 2. EARNINGS PER SHARE

The Company  calculates  net income (loss) per share as required by Statement of
Financial  Accounting Standards 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. GOING CONCERN

The Company's financial statements are presented on a going concern basis, which
contemplates  the  realization of assets and  satisfaction of liabilities in the
normal course of business.

The Company has experienced losses from operations as a result of its investment
necessary to achieve its operating plan, which is long-range in nature.  For the
six months  ended June 30, 2003 the  Company  incurred a net loss of $53,996 and
had a working capital deficit of $446,256.

The ability of the Company to continue as a going concern is dependent  upon its
ability  to  raise  additional  capital  and,  ultimately,  the  achievement  of
significant  operating revenues.  The accompanying  financial  statements do not
include any  adjustments  that might be required should the Company be unable to
recover the value of its assets or satisfy its liabilities.

                                       4
<PAGE>
                                Future Carz, Inc.
                 Notes to the Consolidated Financial Statements
                                  June 30, 2003
                                   (Unaudited)


NOTE 4. NOTE PAYABLE

On May 1, 2003 the Company  entered into a secured  promissory note for $100,000
at 12% annum,  interest due monthly.  The promissory  note is secured by certain
lease assets and matures on April 30, 2004.

NOTE 5. STOCKHOLDERS' (DEFICIT)

On March 20, 2003 the Company agreed to issue  1,500,000  shares of common stock
to a consultant in exchange for services to be provided  through March 20, 2005.
The shares were issued at their fair  market  value of $0.022 on that date.  The
Company  has  recorded  deferred  compensation  of $33,000  for  services  to be
received  subsequent  to March 31, 2003.  On March 28, 2003 the Company  filed a
Form S-8  Registration  Statement  to register  these shares of common stock and
issued the shares to the consultant.

On March 28, 2003 the consultant  arranged for the transfer of 1,360,000  shares
to certain note holders of the Company in  satisfaction  of the Company's  stock
subscriptions.  The issuance of these registered common shares to the consultant
and  subsequent  transfer to the former note holders was not  permissible  under
Form S-8 as it is in effect a capital raising transaction. The Company is not in
compliance  with  Regulation SB, and its ability to register  additional  shares
will be restricted.

As a result of this  transaction  the  Company  has  recorded  a note  payable -
related  party of  $136,000  to the  consultant  for  satisfaction  of the stock
subscriptions on the Company's behalf. As of the date of this filing the Company
had not agreed to repayment terms with the consultant.

NOTE 6. CONTINGENCIES

The Company is currently a defendant in a lawsuit  against  American  Automotive
Group and other  defendants  relating  to  allegations  of  securities  fraud by
certain  shareholders of American Automotive Group. The Company was named in the
lawsuit  due to its asset  purchase of American  Automotive  Group's  auto lease
assets during the year ended December 31, 2001. The Company is in the process of
attempting to settle the litigation and is unable to determine the likelihood or
amount of any damages.

                                       5
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

     This Quarterly Report contains forward-looking statements about Future
Carz, Inc.'s business, financial condition and prospects that reflect
management's 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 management's assumptions should prove
incorrect, or if any of the risks and uncertainties underlying such expectations
should materialize, Future Carz' 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, acceptance of our
services, our ability to expand our customer base, managements' 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 management may be 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, as defined in
Section 21E of the Securities Exchange Act of 1934, although there may be
certain forward-looking statements not accompanied by such expressions.

     The safe harbors of forward-looking statements provided by Section 21E of
the Exchange Act are unavailable to issuers of penny stock. As we issued
securities at a price below $5.00 per share, our shares are considered penny
stock and such safe harbors set forth under the Reform Act are unavailable to
us.

GENERAL

     Future Carz, Inc. ("Future Carz" or the "Company") was organized by the
filing of articles of incorporation with the Secretary of State of the State of
Nevada on July 13, 1999, under the name Future Carz.com, Inc. Subsequently, on
February 5, 2001, we filed an amendment to the articles of incorporation,
whereby we changed our name to Future Carz, Inc. We have never been the subjects
of any bankruptcy or receivership action.

     In October 2002, we entered into an agreement with The Jack Watters Group
to obtain necessary capital to satisfy our debt obligations and to reconfigure
our operations to achieve profitability and increase revenue-generating
capabilities.

     We were originally founded to capitalize on two significant emerging trends
transforming the automobile financing market: a dramatic rise in the number of
sub-prime consumers and a marked increase in used car leasing. Sub-prime
consumers are individuals with limited credit histories, low incomes, or past
credit issues that prevent them from accessing traditional (conforming)
financing. This group now accounts for roughly 45% of the credit population

                                       6
<PAGE>
nationwide. Through a predecessor company, our previous management identified a
unique opportunity for high-yield profits with comparatively low exposure to
risk in the sub-prime segment of the automobile financing market. The innovation
behind the opportunity was an unconventional approach to leasing rather than
selling used vehicles.

     Our current service offering is designed to meet the needs of the growing
sub-prime credit sector seeking quality used automobiles. We offer an attractive
alternative to buying a used car or leasing a new one. The concept is to provide
closed-end leases on used vehicles in a format that is acceptable to the
sub-prime consumer, yet reduces risk of default for us.

     Our leasing system incorporates both new and used cars. Lessees have an
option to take out a warranty for $10 a week that covers the vehicle's major
components. As of June 30, 2003 only 1 of our lessees have chosen to purchase a
warranty. The lease requires the lessee to return the vehicle to an approved
service location for a checkup every three months. The general lease offering
includes an acquisition fee of $500 with an average weekly payment of $60. These
payments are due each Friday. If the lessee fails to make the payment on Friday,
the lessee will receive a phone call on Saturday. If no response occurs prior to
Monday, a collection agency is contacted and takes a more aggressive approach to
receive payment or, as a last resort, the vehicle is repossessed. The leased
vehicle title remains in our name during the entire lease period.

     Customers view the opportunity to drive a quality vehicle as a luxury and
in many cases; we may be their last resort to obtain reliable transportation.
The added benefit of building good credit is an unexpected bonus. For this
reason, we command a sense of loyalty with our customers. Many of these
individuals will eventually improve their credit rating and look for newer
vehicles or upgraded transportation. Through our approach, we can produce strong
repeat customer and referral business.

     In November 2002 the management team began building relationships with
automotive re-builders in southern California to provide a source of supply for
quality late model automobiles. Re-builders were required to build automobiles
to the Company's specifications and provide a limited warranty. To date the
Company has acquired 32 vehicles from these sources.

     In December 2002 the Company opened a leasing center under the name Accel
Auto Carz located at 717 Union Street in San Diego, CA. As of June 30, 2003 this
leasing center has leased 13 vehicles. The Company makes credit decisions taking
into account the prospective lessee's present job, credit history and future
prospects. For the period beginning December 1, 2002 to date the Company has
suffered one default on lease payments. The vehicle was recovered and re-leased.
Although this period is relatively short in duration and only reflects
transactions with a small number of lessees, the Company believes its default
rate will be acceptable.

     In April 2003 the Company signed a lease to open a second leasing center in
Hammond, Indiana, which is part of the greater Chicago, IL market. This leasing
center opened June 30, 2003. The Company has established a network of

                                       7
<PAGE>
re-builders similar to those in southern California in the Chicago area. The
Hammond leasing center will operate under the name Accel Auto Carz.

     On May 1, 2003 the Company entered into a secured promissory note for
$100,000, at 12% annum, interest due monthly. The promissory note is secured by
lease assets and matures on April 30, 2004. As of the date of this filing the
balance due under this promissory note was $100,000.

REVENUE FROM SERVICES PROVIDED

     The Company's revenue from services provided was $15,234 for the quarter
ended June 30, 2003 up from $12,697 for the quarter ended March 31, 2003.
Revenue for the six-month period ending June 30, 2003 was $28,021, for the prior
six-month period June 30, 2002, revenue from services provided were zero. This
increase in revenue is attributable to the Company opening its leasing center in
San Diego.

OPERATING EXPENSES

     Operating expenses totaled $57,023, and $679,000, for the quarter ended
June 30, 2003 and 2002, respectively. The decrease in expenses is attributable
to more efficient use of the Company's resources as well as a decrease in stock
compensation of $596,401 for the quarter ending June 30, 2003.

     Operating expenses totaled $80,767 and $1,199,608 for the six-month period
ended June 30, 2003 and 2002, respectively. The decrease in expenses is
attributable to more efficient use of the Company's resources as well as a
decrease in stock compensation of $1,011,089 for the six-month period June 30,
2003.

     In addition, the Company's interest expense was $1,250 for the quarter
ended June 30 2003, down from $4,599 in the prior year. Interest expense was
$1,250 for the six-month period ending June 30, 2003 as compared to $13,569 for
the six-month period ending June 30, 2002. Both decreases were due to a large
decrease in interest bearing debt.

LIQUIDITY AND CAPITAL RESOURCES

     The Company experienced a net decrease of $9,833, in our cash position
during the six-month period ended June 30, 2003, as compared to a net increase
of $11, during the six-month period ended June 30, 2002. The Company used
$37,109 of cash for operating activities for the six months ended June 30, 2003,
as compared to $81,286, for the six months ended June 30, 2002. The Company
purchased lease vehicles with cash in the amount of $141,490, during the six
months ended June 30, 2003. The Company did experience a cash inflow of $26,727,
from the proceeds of assets held for sale during the six months ended March 31,
2002.

     The Company obtained net operating advances from related parties in the
amount of $68,766 and proceeds from a note payable of $100,000 during the six
months ended June 30, 2003.

                                       8
<PAGE>
CASH NEEDS FOR THE NEXT TWELVE MONTHS

     The Company has leased an additional 7 vehicles since June 30, 2003, bring
the total vehicles leased to 20. The Company anticipates that the cash generated
from these leases will be sufficient to cover the operating expenses of the San
Diego, CA and Hammond, IN leasing centers as well as the interest on debt
obligations. The Company closed on a second secured note with Hoosier State
Building and Loan, Ltd. for $100,0000 on August 1, 2003. The proceeds from this
loan was used to satisfy operating advances and account payable on vehicles
acquired. The Company expects to close on a third secured note with Hoosier
State Building and Loan, Ltd. for $100,000 before September 30, 2003. The
Company expects to use the proceeds of this note for accounts payable and to
acquire additional vehicles. The notes come due April 30,2004 and the Company
expects to renew these notes at that time.

     The Company has entered into an agreement with Hoosier State Building and
Loan, Ltd. to provide lien backed financing of its leased vehicles. The Company
expects to increase investments in vehicles over the next 12 months. The Company
may not have sufficient financial resources to support an increased level of
operations for the next 12 months if it does not generate sufficient revenues
and/or if it fails to raise equity capital as appropriate. Based on current
information on hand and the Company's latest expectation for its operations for
the next 12 months, the Company may face an issue of whether its available cash
resources from operations and capital will allow it to continue as a going
concern.

     The Company cannot give any assurance that it will be able to generate cash
from operations to meet its needs for the next 12 months. There may be a
shortfall in our cash if the Company fails to do so. The Company may need to
obtain additional financing in the event that it is unable to realize sufficient
revenue or collect accounts receivable. Furthermore, the Company's ability to
satisfy the redemption of future debt obligations that it may enter into will be
primarily dependent upon the future financial and operating performance of the
Company. Such performance is dependent upon financial, business and other
general economic factors, many of which are beyond the Company's control. If the
Company is unable to generate sufficient cash flow to meet its future debt
service obligations or provide adequate long-term liquidity, the Company will
have to pursue one or more alternatives, such as reducing or delaying capital
expenditures, refinancing debt, selling assets or operations or raising equity
capital. There can be no assurance that such alternatives can be accomplished on
satisfactory terms, if at all, or in a timely manner. If the Company does not
have sufficient cash resources when needed, the Company will not be able to
continue operations as a going concern.

ITEM 3. CONTROLS AND PROCEDURES

     Within 90 days prior to the date of filing of this report, we carried out
an evaluation, under the supervision and with the participation of our
management, including the Chief Executive Officer (who also effectively serves
as the Chief Financial officer), of the design and operation of our disclosure
controls and procedures. Based on this evaluation, our Chief Executive Officer

                                       9
<PAGE>
concluded that our disclosure controls and procedures are effective for
gathering, analyzing and disclosing the information we are required to disclose
in the reports we file under the Securities Exchange Act of 1934, within the
time periods specified in the SEC's rules and forms. There have been no
significant changes in our internal controls or in other factors that could
significantly affect internal controls subsequent to the date of this
evaluation.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     In 2001, the Company and its officers and directors were named as
defendants in a lawsuit in the State of Arizona brought by investors and
creditors of American Automotive Group relating to allegations of securities
fraud by certain shareholders of American Automotive Group. The Company was
named in the lawsuit due to its asset purchase of American Automotive Group's
auto lease assets during the 2001 for common stock of the Company. The claim is
for remediation of $162,000, including attorney's fees. The Company is unable to
determine the likelihood or amount of any damages.

ITEM 2. CHANGES IN SECURITIES

     On March 28, 2003, we filed a registration statement on Form S-8, whereby
we registered an aggregate of 1,500,000 shares of $0.001 par value common stock,
issued to Douglas G. Hauser for services to be rendered pursuant to a consulting
services agreement entered into in March, 2003. On March 28, 2003 the Mr. Hauser
arranged for the transfer of 1,360,000 of these shares to certain former note
holders of the Company in satisfaction of the Company's stock subscriptions. The
issuance of these registered common shares to the consultant and subsequent
transfer to the former note holders was not permissible under Form S-8. As a
result, the shares issued to the note holders are restricted securities and may
only be sold in compliance with Rule 144. As a result, the Company has placed
stop-transfer instructions on the shares issued to the note holders. The Company
is evaluating making an offer to the note holders, which may include the option
of either keeping the restricted shares, or returning the shares and receiving
the promissory notes they previously held. The Company is exploring alternatives
for making the offer to the note holders pursuant to Regulation D.

ITEM 3. DEFAULT 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

(a) Exhibits

    31 - Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
    32 - Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(b) Reports on Form 8-K

    None

                                       10
<PAGE>
                                   SIGNATURES

     In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                Future Carz, Inc.
                                  (Registrant)

Signature                            Title                          Date
---------                            -----                          ----

/s/ Ethel Merriman            Chief Executive Officer and    September 3, 2003
----------------------        Chief Financial Officer
Ethel Merriman

     In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.

Signature                          Title                          Date
---------                          -----                          ----

/s/ Ethel Merriman            President and                September 03, 2003
-----------------------       Director
Ethel Merriman


/s/ M. David Fesko            Director                    September 03, 2003
-----------------------
M. David Fesko

                                       11