---

Sam J. Frankino to Retire From National Auto Credit, Inc.

27 March 1998

Sam J. Frankino to Retire From National Auto Credit, Inc.

    SOLON, Ohio, March 27 -- National Auto Credit, Inc. announced
today that its Board Chairman, Sam J. Frankino, informed the Board of
Directors of his decision to retire from the Company as its Board Chairman,
Chief Executive Officer and a Director as of the close of business on March
31, 1998.  Mr. Frankino has been the Board Chairman and an officer of National
Auto Credit, Inc. since its inception.
    Mr. Frankino stated that, "It has been an honor and privilege to serve the
Company, its customers and dealer network and to work side-by-side with the
Company's dedicated and talented work force.  Although the last three months
have been a particularly trying time for me and my family, as well as for the
shareholders and employees of the Company, it is important that the issues
that now face the Company be addressed and resolved once and for all --
expeditiously, thoroughly and properly.  My retirement will hopefully
facilitate that process.  I remain ready, willing and able to assist and
cooperate with the Company at its request."  He further noted that as a
shareholder he shares a common vested interest with all other shareholders in
the future success of the Company.
    Edward T. Anderson, Acting President of National Auto Credit, Inc., stated
that, "Sam Frankino will be dearly missed.  His entrepreneurial spirit, keen
management skills and industry vision have served this company well."
    The statements contained in this release that are not purely historical
are forward looking statements within the meaning of the Securities and
Exchange Act of 1934.  Among the factors that could cause actual results to
differ materially from the forward looking statements are the potential for
greater than anticipated non-performing contracts, the potential for lower
than anticipated recoverability of amounts advanced to the Company's member
dealers, availability of funds under the Company's financing arrangements, and
other factors as discussed in the Company's reports filed with the Securities
and Exchange Commission.

SOURCE  National Auto Credit, Inc.