1 Exhibit 21 LIST OF SUBSIDIARIES Name Jurisdiction of Incorporation - ---- ----------------------------- Duck Ventures, Inc. Arizona Ugly Duckling Car Sales, Inc. Arizona Champion Acceptance Corporation Arizona Champion Financial Services, Inc. Arizona Champion Receivables Corp. Delaware Cygnet Finance, Inc. Arizona Drake Insurance Services, Inc. Arizona Drake Insurance Agency, Inc. Arizona Udrac Rentals, Inc. Arizona Ugly Duckling Car Sales Florida, Inc. Florida Ugly Duckling Car Sales New Mexico, Inc. New Mexico Udrac, Inc. Arizona Ugly Duckling Car Sales Texas, LLP Arizona Ugly Duckling Car Sales Georgia, Inc. Georgia Ugly Duckling Car Sales California, Inc. California Cygnet Finance Alabama, Inc. Arizona Drake Property & Casualty Life Insurance Company Turks & Caicos Drake Life Insurance Company Turks & Caicos Champion Receivables Corp. II Delaware