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: August 29, 1997
                        (Date of earliest event reported)

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


                       SMART CHOICE AUTOMOTIVE GROUP, INC.
             (Exact name of registrant as specified in its charter)

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


          Florida                       1-14082                  59-1469577
(State or other jurisdiction of  (Commission File Number)      (IRS Employer
Incorporation or organization)                               Identification No.)



             5200 South Washington Avenue, Titusville, Florida 32780
               (Address of principal executive offices, zip code)

                                 (407) 269-9680
              (Registrant's telephone number, including area code)







Item 2. Acquisition or Disposition of Assets.

         On  August  29,  1997,  Smart  Choice   Automotive   Group,  Inc.  (the
"Registrant") purchased the stock of B&B Enterprises, Inc. ("B&B"). B&B operates
a retail automobile dealership located in Stuart, Florida for Nissan automobiles
and other  consumer  vehicles.  The  business is being  operated by First Choice
Stuart 1, a 100% owned subsidiary of the Registrant.  As  consideration  for the
stock  acquired,  the  Registrant  issued  the  sellers  86,546  shares  of  the
Registrant's Common Stock. Previously, in order to provide funds required by B&B
to meet its past due and ongoing obligations, the Registrant entered into a line
of  credit  agreement.  At the date of  closing,  the  Registrant  had  advanced
approximately  $2,415,000 to B&B under the line of credit agreement.  The amount
of  consideration  paid by the  Registrant  for the  stock  of the  Sellers  was
determined  through arms' length  negotiations  between  representatives  of the
Registrant and the Sellers.

Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits.

(a)  Financial  Statements of the acquired  business will be provided within the
     next sixty (60) days as an amendment to this filing

(b)  Pro Forma Financial Information.

     The  unaudited  pro  forma  condensed  consolidated  balance  sheet  and  
     income statement of the Registrant, will be provided within the next 
     sixty (60) days as an amendment to this filing.






SIGNATURES

         Pursuant to the requirement of the Securities Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                  SMART CHOICE AUTOMOTIVE GROUP, INC.
                                  (Registrant)


Date:  September 15, 1997         By: /s/  Gary R. Smith
                                      Gary R. Smith
                                      President and Chief Executive Officer