<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                             -----------------------

                                   FORM 10-QSB

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

                  For the Quarterly period ended September 30, 2002

      [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

         For the transition period from ______________ to ______________

                        Commission file number 000-28195

                                CARSUNLIMITED.COM, INC.
             (Exact name of registrant as specified in its charter)

             Nevada                                      11-3535204
(State or other jurisdiction of               (IRS Employer Identification No.)
incorporation or organization)

                      PO Box 446, Seacliff, New York  11579

                    (Address of principal executive offices)

                                 (516) 671-4466
                           (Issuer's telephone number)


        The number of shares outstanding of each of the issuer's classes
               of common equity as of the latest practicable date:

                Class                                September 30, 2002
                -----                                ---------------

    Common stock, $ 0.001 par value                     26,530,000


<PAGE>




                             CARSUNLIMITED.COM, INC.

                                TABLE OF CONTENTS


PART I.  FINANCIAL INFORMATION

         ITEM 1 - Condensed Unaudited Financial Statements

         Balance Sheets as of  September 30, 2002 (Unaudited)...................

         Statements of Operations for the Nine Months Ended
          September 30, 2002 and 2001 and Inception on March 7, 2000
          to September 30, 2002(Unaudited)......................................

         Statements of Operations for the Three Months Ended
          September 30, 2002 and 2001 (Unaudited)...............................

         Statements of Cash Flows Operations for the Nine Months Ended
         September 30, 2002 and 2001 and 2001 and Inception on March 7, 2000
          to September 30, 2002(Unaudited)......................................

         Notes to Condensed Unaudited Financial Statements......................

         ITEM 2

         Management's Discussion and Analysis and Plan of Operations..........

         ITEM 3

         Control procedures  . . . . . . . . . . . . . . . . . . . . . . . . .


PART II. OTHER INFORMATION

         ITEM 1

         Legal Proceedings......................................................

         ITEM 6

         Exhibits and Reports on Form 8-K.......................................


         Signatures.............................................................



<PAGE>
PART I.  FINANCIAL INFORMATION


ITEM 1 - Financial Statements





                             CARSUNLIMITED.COM, INC.
                          (A Development Stage Company)
                                  BALANCE SHEET
                               September 30, 2002
                                  (UNAUDITIED)

                                     ASSETS



Security deposits                                                 $      322
                                                                       -----
Total Assets                                                      $      322
                                                                       =====


               LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Account payable and accrued expenses                               $  80,601
Salaries payable - officer                                           109,490
Loans Payable Shareholder                                              2,419
                                                                     -------
Total Current Liabilities                                            192,510

Stockholders' (Deficit):
Common stock, $0.001 par value; 50,000,000 shares
   authorized and 26,530,000 shares issued
   and outstanding.                                                   26,525
Additional paid-in capital                                           593,420
(Less) subscriptions receivable                                         (200)
(Deficit) accumulated during the development stage                  (811,933)
                                                                     -------
Total Stockholders' (Deficit)                                       (192,188)
                                                                     -------
Total Liabilities and Stockholders' (Deficit)                      $     322
                                                                     =======
See notes to condensed unaudited financial statements.


<PAGE>

                             CARSUNLIMITED.COM, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                 FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
                 AND INCEPTION ON MARCH 7, 2000 TO SEPTEMBER 30, 2002
                                  (UNAUDITIED)

                                                                     From
                                                                  Inception
                                          Nine Months Ended     March 7, 2000
                                   September 30,  September 30, to September 30,
                                        2002        2001             2002
Revenues:
Sales Commissions                    $ 39,717     $ 108,334     $   304,272
                                       ------       -------       ---------
Total Revenues                         39,717       108,334         304,272

Costs and Expenses:
Professional fees                      17,713        36,531         417,711
Salaries                                1,058       104,537         268,965
Commissions                               220            --          71,718
General and administrative             75,258       100,493         358,003
                                       ------       -------       ---------
  Total Costs and Expenses             94,249       241,561       1,116,397

Operating loss                        (54,532)     (133,227)     (  812,125)

Other income
Interest                                   --            50             192
                                       ------        ------        --------
Net income (loss)                   $ (54,532)    $(133,117)     $( 811,933)
                                       ======       =======        ========


   Net (loss) per common share      $  ( .001)    $   .01       $  (  .032)
                                        =====        =====           =====

Weighted average common shares      26,530,000    25,500,000     25,495,619



See notes to condensed unaudited financial statements.

<PAGE>


                             CARSUNLIMITED.COM, INC.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
                 FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
                                  (UNAUDITIED)



                                           Three Months Ended
                                      September 30,  September 30,
                                           2002          2001
Revenues:
Sales Commissions                       $ 1,805      $ 22,772
                                          ------       ------
Total Revenues                            1,805        22,772

Costs and Expenses:
Professional fees                         4,303        11,201
Salaries                                  1,058        31,516
Commissions                                  --            --
General and administrative               12,884        33,168
                                         ------       -------
  Total Costs and Expenses               18,245        75,885

Operating loss                          (16,440)     ( 53,113)


Net income (loss)                     $ (16,440)    $( 53,113)
                                         ======       =======

See notes to condensed unaudited financial statements.
<PAGE>

                             CARSUNLIMITED.COM, INC.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
                FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2002 AND 2001
                 AND INCEPTION ON MARCH 7, 2000 TO SEPTEMBER 30, 2002

                                  (UNAUDITIED)
                                                                       From
                                                                     Inception
                                          Nine Months Ended     March 7, 2000 to
                                    September 30,   September 30, September 30,
                                          2002          2001           2002

Cash Flows From Operating Activities:
 Net (loss)                            $(54,532)     $(133,177)    $ (811,933)
Adjustments to reconcile net (loss) to
net cash used in Operating Activities:
Depreciation and Amortization               358          1,565          3,311
Decrease in commissions receivable           --          5,131             --
Write down of fixed assets                   --             --          6,367
Stock issued for services                    --             --        327,350
Increase in accounts payable
 and accrued expenses                    19,239         39,019         80,601
Increase (Decrease) in
  salaries payable officer               (4,705)        84,449        109,490
Increase in payroll taxes payable            --          1,561             --
(Increase) in security deposits              --           (150)          (322)
                                         ------        -------       --------
Net cash Used in Operating Activities   (39,640)        (1,602)      (285,136)

Cash Flows used in Investing Activities
Purchase of equipment                        --         (3,013)      (  9,678)
                                         ------         -------       -------
Cash (Used) in Investing Activities          --         (3,013)      (  9,678)

Cash Provided by Financing Activities
Issue of common stock for cash               --             --        254,542
Bank Overdraft                                           2,638
Loans payable to shareholders               919             --          2,419
Contributed capital                      37,854             --         37,854
                                         ------          -----        -------
                                         38,773          2,638        294,815

Net increase in cash                       (867)        (1,977)            --
Cash at beginning of period                 867          1,977             --
                                          -----         ------        -------
Cash at end of period                   $    --      $      --      $      --
                                          =====         ======        =======


See notes to condensed unaudited financial statements.



<PAGE>
                             CARSUNLIMITED.COM, INC.
                          (A Development Stage Company)
                NOTES TO CONDENSED UNAUDITED FINANCIAL STATEMENTS
                                  SEPTEMBER 30, 2002


BASIS OF PRESENTATION

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information  and  with  the  instructions  to  Form  10-QSB  of item  310(b)  of
Regulation  S-B.  Accordingly  they do not  include all of the  information  and
footnotes necessary for a fair presentation of financial  condition,  results of
operations  and cash flows in  conformity  with  generally  accepted  accounting
principles.  In the  opinion of  management,  the  interim  condensed  financial
statements  included  herewith  contain all  adjustments  (consisting  of normal
recurring accruals and adjustments)  necessary for their fair presentation.  The
unaudited interim condensed  financial  statements should be read in conjunction
with the  Company's  annual  financial  statement  in Form SB-2,  effective  May
2001,which  contains the audited financial  statements and notes thereto for the
period from March 7, 2000 to December 31, 2000.


NATURE OF OPERATIONS

CARSUNLIMITED.COM,  INC. (The Company) was formed in Nevada on March 7,2000. The
Company is a development stage company with limited  operations and revenues and
only  nominal  assets.  Its  intended  purpose was to offer users the ability to
search a database that contained  products and information  about the Automobile
Industry,  new and  used  car  sales  (classified  ads),  as well as  automotive
products such as extended warranty information and anti-theft body part marking.
The Company has adopted December 31 as its year end.



SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting  principles  requires  management to make  estimates and  assumptions
which affect the reported  amounts of assets and  liabilities at the date of the
financial statements and the reported amounts of revenues an expenses during the
reporting period. Actual results could differ from those estimates.



<PAGE>

Fair Value of Financial Instruments

Substantially  all of the Company's  assets and  liabilities are carried at fair
value or contracted amounts which approximate fair value.

Income (Loss) Per Common Share

Net (loss) per common  share is based on the weighted  average of common  shares
outstanding during the period.

Income Taxes

The Company has a net operating loss (NOL) carryforward expiring in 2021. No tax
benefit has been reported in the financial  statements because the potential tax
benefit of the net  operating  loss  carryforwards  are  completely  offset by a
valuation allowance of the same amount because of the uncertainty of the Company
realizing future taxable income.  Deferred taxes on the differences between book
and tax accounting are immaterial.

Going Concern

The  Company  is  a  development  stage  company  with  limited  operations,  no
substantial,  continuing  source of revenues,  only nominal assets,  and working
capital and stockholders'  deficits.  The Company's continued existence requires
finding a suitable  operating  partner for merger or  acquisition.  Although the
Company  believes that it can  successfully  find such a partner there can be no
assurance  that it will do so or even if  completed it will allow the Company to
implement its intended operations.

Item 2.  Management's Discussion and Analysis and Plan of Operation


The following  discussion  should be read along with our  financial  statements,
which are included in another section of this 10-QSB.  This discussion  contains
forward-looking statements about our expectations for our business and financial
needs.  These  expectations are subject to a variety of uncertainties  and risks
that may cause actual results to vary significantly  from our expectations.  The
cautionary  statements  made in this  Report  should be read as  applying to all
forward-looking statements in any part of this 10-QSB.

<PAGE>

We were incorporated on March 7, 2000 as a Nevada  Corporation.  We have adopted
December 31 as our year end. We are a  development  stage  company  with limited
operations and revenues and only nominal assets.  Any reference in this document
to "the Company," "our", "we" or "us" refers to CarsUnlimited.com, Inc.

We  provided  products  and  information  related  to the auto  industry  to our
customers through our Web site using classified ads and affiliate link programs.
We offer new and used car  classified  advertising  as well as products  such as
automotive  warranties.  We had two  revenue  streams.  The  first  was from our
Internet site and the second from our automotive  wholesale  products  division,
which sold automotive products to auto dealerships, leasing companies and credit
unions.

Analysis of Financial Condition.

As of September  30, 2002 we had no cash  reserves and no other liquid assets or
resources.  By  comparison,  as of December  31, 2001 our cash had  decreased by
$1,012.  On  September  30, 2002 we had total  current  liabilities  of $192,510
compared with $177,057 on December 31, 2001. Our  liabilities  include  accounts
payable of $80,601, unpaid salaries to officers of $109,490, and a payroll taxes
payable of $2,419.

Results of Operations

We  realized  revenue of $39,717 for the nine months ended September 30, 2002 as
compared  to  $108,334  for  period  ending  September  30,  2001.  The revenues
decreased  by  $68,617  (63%).  This  revenue was primarily in the form of sales
commissions  for  the  sale  of  products  and services through our Web site. We
incurred expenses totaling $94,249 during the nine month period ending September
30,  2002.  Our  expenses  for  the  nine  months ending September 30, 2001 were
$241,561.  The  principal  component  of  the expenses were professional fees of
$17,713  and  general  and  administrative  expenses  of  $75,258.  The  total
professional  fees  and  general and administrative expenses were $92,971 in the
first  nine months of 2002 as compared to $137,024 in 2001. The $44,053 decrease
in  professional fees and general and administrative expenses were the result of
the Company's winding down it's operations. Total expenses decreased by $147,312
(60%)  primarily as a result of $17,713 (52%) reduction in professional fees and
$25235  (25%)  in  general  and  administrative expenses. Our company's net loss
decreased  by  $78,585  (59%)  as  a  consequence  of  substantial  decreases in
operating  expenses.  Although, our company has continued its operation, because
of  net  working capital deficiency it has greatly reduced its activities and is
looking  for  an  operating  merger  partner.

We had a net loss of $54,532 for the nine month period ending September 30, 2002
compared  to  a  net  loss of $133,117 for the period ending September 30, 2001.

<PAGE>
Plan of  Operations

Because  of  sustained  losses  from  operations,  in December 2001, the Company
decided  to  wind  down  its  operations.  Currently,  the Company is seeking an
operating  company  for  merger,  acquisition,  or  joint  venture  partnership.
Although,  the management believes that a search could be successful there is no
assurance  that  a  suitable  candidate  company will be found or such a merger,
acquisition,  or  partnership  agreement  will  be  concluded.

Liquidity and Capital Resources

Since inception, we have used more cash than we have generated.  Because of the
continued need for substantial  amounts of working capital to fund the growth of
the  business,  we expect to  experience  negative  operating  cash flow for the
foreseeable  future.  By  December  31,  2001 we recorded a total of $582,191 in
capital from common stock and additional paid in capital.

We cannot  guarantee  any future  results,  levels of activity,  performance  or
achievements.  Except as required by law, we undertake no  obligation  to update
any of the forward-looking statements in this Form 10-QSB after the date of this
quarterly report.

Recent Events

On  May 22, 2002, Anthony Genova, our President, Joseph Marks, a Director of the
Company and the Company's VP of Internet Marketing Development, William Quinn, a
director  of  the  Company  and  the Company's Treasurer and Secretary, Lawrence
Genova,  a  director  of the Company, and Michael Makropoulos, a director of the
Company  (collectively,  the  "Sellers") entered into a Stock Purchase Agreement
(the  "Stock  Purchase  Agreement") with Douglas Shih, Loyalty United (US), Inc.
and CH Ventures, Inc. (collectively, the "Buyers") pursuant to which the Sellers
were to sell to the Buyers, in the aggregate, 21,000,000 shares of the Company's
Common  Stock  for  $273,000  (the  "Purchase  Price").


<PAGE>
     In furtherance of the Closing, which was expected to have happened in June
2002, the Company entered into an Asset Purchase Agreement with Anthony Genova,
our Director and Chief Executive Officer. Pursuant to the Asset Purchase
Agreement, Mr. Genova was to acquire substantially all of the Company's assets
and assume substantially all of the Company's liabilities. In consideration for
the acquired assets, Mr. Genova was to release the Company from all liabilities
that the Company owed to Mr. Genova, including, without limitation, $114,000 in
accrued salary. The closing of the transactions contemplated by the Asset
Purchase Agreement was scheduled to occur simultaneously with the Closing of the
transactions contemplated by the Stock Purchase Agreement.

On  July 24, 2002, the Buyers requested an extension of the Closing until August
8,  2002  and  the parties entered into a letter agreement providing for such an
extension.  Thereafter,  on  August  12,  2002,  the  Buyers  requested a second
extension  until  September  6,  2002. As of the date hereof the Buyers have not
made payment as per the Closing requirements. The penalty payments have not been
met and the Company has notified the Buyers of their breach of the Agreement and
the  related  extension grants. The buyers gave installments totaling $50,000.00
and  extension  penalties  of approximately $9,419. The capital contributions to
Anthony  Genova  Jr.  were  distributed  to  reduce  Company expenses, taxes and
accounts  payables  by  $  27,739.02,  salary  owed  the Anthony Genova Jr. by
$25,980.00  and  internet  marketing  expense owed to Joseph Marks by $5,700.00.

     The Company intends to seek an operating company for merger, acquisition,
or joint venture partnership. Management can give no assurance that a suitable
candidate company will be found or such a merger, acquisition, or partnership
agreement will be concluded.


OTHER:

Except  for historical information contained herein, the matters set forth above
are forward-looking statements that involve certain risks and uncertainties that
could  cause  actual  results  to  differ  from  those  in  the  forward-looking
statements.  Potential risks and uncertainties include such factors as the level
of  business  and  consumer  spending,  the  amount  of  sales  of the Company's
products,  the  competitive  environment  within  the  automotive  aftermarket
industry,  the  ability of the Company to continue to expand its operations, the
level  of  costs  incurred  in  connection with the Company's expansion efforts,
economic  conditions  and  the financial strength of the Company's customers and
suppliers.  Investors  are  directed  to  consider other risks and uncertainties
discussed  in  documents  filed  by the Company with the Securities and Exchange
Commission.


<PAGE>

ITEM  3          CONTROLS  AND  PROCEDURES.

(a)     Evaluation  of  Disclosure  Controls  and  Procedures.
        -----------------------------------------------------

Within the 90 days prior to the date of this report, Carsunlimited.com, Inc. has
carried  out  an evaluation, under the supervision and with the participation of
the  Company's management, including the Company's Chief Executive and Principal
Accounting  Officer,  of  the  effectiveness  of the design and operation of the
Company's  disclosure  controls  and  procedures  pursuant  to Exchange Act Rule
13a-14. Based upon that evaluation, the Chief Executive and Principal Accounting
Officer  concluded  that  the  Company's  disclosure controls and procedures are
effective in timely alerting him to material information required to be included
in  the  Company's  periodic  SEC  filings  relating  to  the  Company.

(b)     Changes  in  Internal  Controls.
        -------------------------------

There were no significant changes in the Company's internal controls or in other
factors  that  could  significantly affect these internal controls subsequent to
the  date  of  my  most  recent  evaluation.


<PAGE>
                                    PART II.

                                OTHER INFORMATION

Item 1. Legal Proceedings

        None

Item 6. Exhibits and Reports on Form 8-K

        None

                                   SIGNATURES


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



                                       CARSUNLIMITED



                                       By: /s/ Anthony Genova
                                           -------------------------------------
                                           President and Director



Dated: December 30, 2002





<PAGE>


                           CERTIFICATIONS PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002






In connection with the Quarterly Report of Carsunlimited.com, Inc.
(the  "Company")  on  Form  10-QSB  for the period ending September 30, 2002, as
filed  with  the  Securities  and  Exchange  Commission  on the date hereof (the
"Report"),  the undersigned, Chief Executive Officer and Chief Financial Officer
of  the  Company,  certifies,  pursuant  to  18  U.S.C. Section 1350, as adopted
pursuant  to  Section  906  of  the  Sarbanes-Oxley  Act  of  2002,  that:

(1)  The Report fully complies with the requirements of section 3(a) or 15(d) of
     the  Securities  and  Exchange  Act  of  1934;  and

(2)  The  information  contained  in the Report fairly presents, in all material
     respects, the financial condition and results of operations of the Company.



                         /s/ Anthony Genova, Jr.
                         ______________________________________
                         By: Anthony Genova, Jr.
                         Chief Executive Officer/Chief Financial Officer
                         December 30, 2002

<PAGE>


                            CERTIFICATION PURSUANT TO
                            -------------------------
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
                  ---------------------------------------------

     I,  Anthony Genova, Jr.,  certify  that:

     1.     I  have  reviewed  this  quarterly report on Form 10-QSB of
Carsunlimited.com,  Inc.

     2.     Based  on  my  knowledge, this quarterly report does not contain any
untrue  statement  of a material fact or omit to state a material fact necessary
to  make  the  statements  made,  in light of the circumstances under which such
statements  were made, not misleading with respect to the period covered by this
quarterly  report;

     3.     Based on my knowledge, the financial statements, and other financial
information  included  in  this quarterly report, fairly present in all material
respects  the  financial  condition, results of operations and cash flows of the
registrant  as  of,  and  for,  the  periods presented in this quarterly report;

     4.     The registrant's other certifying officers and I are responsible for
establishing  and  maintaining disclosure controls and procedures (as defined in
Exchange  Act  Rules  13a-14  and  15d-14)  for  the  registrant  and  we  have:

     a) designed such disclosure controls and procedures to ensure that material
information  relating  to  the  registrant, is made known to us by others within
those entities, particularly during the period in which this quarterly report is
being  prepared;

     b)  evaluated the effectiveness of the registrant's disclosure controls and
procedures  as  of  a  date  within  90  days  prior  to the filing date of this
quarterly  report  (the  "Evaluation  Date");  and

     c)  presented  in  this  quarterly  report  our  conclusions  about  the
effectiveness  of the disclosure controls and procedures based on our evaluation
as  of  the  Evaluation  Date;

     5.     The  registrant's  other  certifying  officers and I have disclosed,
based  on our most recent evaluation, to the registrant's auditors and the audit
committee  of  registrant's  board  of  directors  (or  persons  performing  the
equivalent  function):

     a)  all  significant  deficiencies  in  the design or operation of internal
controls  which  could  adversely  affect  the  registrant's  ability to record,
process,  summarize  and  report  financial  data  and  have  identified for the
registrant's  auditors  any  material  weaknesses  in  internal  controls;  and

     b)  any  fraud,  whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

     6.     The  registrant's  other certifying officers and I have indicated in
this  quarterly report whether or not there were significant changes in internal
controls  or  in other factors that could significantly affect internal controls
subsequent  to  the date of our most recent evaluation, including any corrective
actions  with  regard  to  significant  deficiencies  and  material  weaknesses.

Date:  December 30,  2002



                         /s/ Anthony Genova, Jr.
                         ______________________________________
                         By: Anthony Genova, Jr.
                         Chief Executive Officer/Chief Financial Officer




<PAGE>