content: 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
  
  
  
           Date of Report (Date of earliest event reported): July 19, 2002
  
  
  
  
  
                              UGLY DUCKLING CORPORATION
               (Exact Name of Registrant as Specified in its Charter)
  
  
  
  
           Delaware                        000-20841                86-0721358
  (State or other jurisdiction of   (Commission File Number)     (I.R.S Employer
  incorporation or organization)                               Identification No.)
  
  
                             4020 E. Indian School Road
                               Phoenix, Arizona 85018
                 (Address of Principal Executive Offices) (Zip Code)
  
  
  
                                   (602) 852-6600
                (Registrant's Telephone Number, Including Area Code)
  
  
  
  <PAGE>
  
  
  ITEM 5.  OTHER EVENTS
  
  Ugly Duckling  Corporation  ("Company") reported the closing on July 19, 2002 of
  the renewal of a $45 million senior secured loan facility with certain  lenders.
  Interest is payable at 30 day LIBOR plus 5%, with a minimum LIBOR of 2.125%, and
  has a term of approximately 30 months.  The facility is secured by the Company's
  retained interests in the residuals from its securitization transactions.
  
  The Company previously  reported in its Annual Report on Form 10K for the period
  ending December 31, 2001 and in its Quarterly  Report on Form 10Q for the period
  ending March 31, 2002 that four of its  securitizations  had reached Termination
  Events (as defined in the securitizations)  triggering an acceleration of rights
  for  the   insurer   under  the   Insurance   Agreements   for  the   respective
  securitizations. As a result, all cash flow from these securitizations otherwise
  distributable  to the Company  was  deposited  into a reserve  account for these
  securitizations.  Revised  calculations  indicated that no Termination Events in
  fact had been  triggered  for these  securitizations  and the  trapped  cash was
  released and distributed to the Company in June of 2002.
  
  
  
  <PAGE>
  
  
  
                                     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.
  
  
                                                 UGLY DUCKLING CORPORATION
  
  
  Date: July 24, 2002                            By: ____________________________
                                                 Jon D. Ehlinger
                                                 General Counsel and Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8ktxt.txt", "secsgml_size_bytes": 2817}]
metadata_filer: {"company-data": {"conformed-name": "UGLY DUCKLING CORP", "cik": "0001012704", "assigned-sic": "6141", "irs-number": "860721358", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14759", "film-number": "02709653"}, "business-address": {"street1": "4020 E INDIAN SCHOOL ROAD", "city": "PHOENIX", "state": "AZ", "zip": "85018", "phone": "6028526600"}, "mail-address": {"street1": "4020 E INDIAN SCHOOL ROAD", "city": "PHOENIX", "state": "AZ", "zip": "85018"}}
text: 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
  
           Date of Report (Date of earliest event reported): July 19, 2002
  
                              UGLY DUCKLING CORPORATION
               (Exact Name of Registrant as Specified in its Charter)
  
           Delaware                        000-20841                86-0721358
  (State or other jurisdiction of   (Commission File Number)     (I.R.S Employer
  incorporation or organization)                               Identification No.)
  
                             4020 E. Indian School Road
                               Phoenix, Arizona 85018
                 (Address of Principal Executive Offices) (Zip Code)
  
                                   (602) 852-6600
                (Registrant's Telephone Number, Including Area Code)
  ITEM 5.  OTHER EVENTS
  
  Ugly Duckling  Corporation  ("Company") reported the closing on July 19, 2002 of
  the renewal of a $45 million senior secured loan facility with certain  lenders.
  Interest is payable at 30 day LIBOR plus 5%, with a minimum LIBOR of 2.125%, and
  has a term of approximately 30 months.  The facility is secured by the Company's
  retained interests in the residuals from its securitization transactions.
  
  The Company previously  reported in its Annual Report on Form 10K for the period
  ending December 31, 2001 and in its Quarterly  Report on Form 10Q for the period
  ending March 31, 2002 that four of its  securitizations  had reached Termination
  Events (as defined in the securitizations)  triggering an acceleration of rights
  for  the   insurer   under  the   Insurance   Agreements   for  the   respective
  securitizations. As a result, all cash flow from these securitizations otherwise
  distributable  to the Company  was  deposited  into a reserve  account for these
  securitizations.  Revised  calculations  indicated that no Termination Events in
  fact had been  triggered  for these  securitizations  and the  trapped  cash was
  released and distributed to the Company in June of 2002.
  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.
  
                                                 UGLY DUCKLING CORPORATION
  
  Date: July 24, 2002                            By: ____________________________
                                                 Jon D. Ehlinger
                                                 General Counsel and Secretary