EXHIBIT 10.12

                         FUTURE ADVANCE PROMISSORY NOTE

$260,000.08                                                 December 30, 1997

     For value  received  the  undersigned  promises  to pay to the order of THE
HUNTINGTON  NATIONAL  BANK, a national  banking  corporation,  at its  principal
office at 685 S. Babcock Street, Melbourne,  Florida 32901, the principal sum of
Two Hundred  Sixty  Thousand and 08/100  Dollars  ($260,000.08),  together  with
interest  from date hereof on unpaid  principal  at the rate of one and one-half
(1.50%)  percent per annum in excess of The  Huntington  National  Bank's  Prime
Commercial  Lending  Rate  ("Rate"),  with the amount of interest  payable to be
adjusted from time to time as the Rate changes.  Principal and interest shall be
payable upon demand.

     Nothing herein, nor any transaction related thereto,  shall be construed or
so operate as to require  the maker to pay  interest  at a greater  rate than is
lawful  in the  State in which the loan  described  herein  is to be  performed.
Should any interest or other  charges paid by the maker in  connection  with the
loan evidenced by this Note result in the  computation or earning of interest in
excess of the maximum legal rate of interest  which is legally  permitted  under
the laws of the State of Florida, then any and all such excess shall be, and the
same is  hereby  waived  by the  payee,  and any and all  such  excess  shall be
automatically  credited  against and in  reduction of the balance due under this
indebtedness, and the portion of said excess which exceeds the balance due under
this Note shall be paid by the payee to the maker.

     Interest hereunder shall be charged only on the sums advanced from the date
of advance to the date of repayment  and interest  from the date of this Note to
the date of advance is waived.  Interest hereunder, if on an annual basis, shall
be computed on the basis of a 360 day year.

     Each maker and endorser  further agree,  jointly and severally,  to pay all
costs of collection, including a reasonable attorney's fee and all costs of levy
or appellate proceedings and/or review in case the principal of this Note or any
payment on the principal or any interest  thereon is not paid at the  respective
maturity  thereof,  or in case it  becomes  necessary  to protect  the  security
hereof, whether suit be brought or not.

     The principal, or any installment of principal,  unless paid when due shall
bear interest  after  maturity at the maximum rate  permitted by the laws of the
State of Florida.

     Time  is of the  essence  hereof.  Upon  default  in the  principal  and/or
interest due hereunder or on any notes held by the payee  hereunder and given by
the  maker  hereof,  or upon a  default  of any  agreement  or  mortgage  or any
ancillary  documents  executed in  connection  therewith,  then all payments due
hereunder  and on all other  notes,  held by the payee and given by maker hereof
and remaining unpaid, shall forthwith, at the option of the holder of this Note,
become due and payable notwithstanding their tenor.

                                       "Maker"

                                       SMART CHOICE AUTOMOTIVE GROUP,
Attest:                                INC., a Florida corporation


/s/ James Neal Hutchinson, Jr.          By: /s/ Joseph E. Mohr
------------------------------          -------------------------------
J. Neal Hutchinson, Jr.,                    Joseph E. Mohr, Chief Financial
Assistant Secretary                         Officer

                                (Corporate Seal)
Maker's Address:

5200 S. Washington Street
Titusville, Florida 32780