<PAGE>
<TABLE>
<CAPTION>
- -------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
- -------- -----------------------------
/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER: 3235-0287
LONGER SUBJECT TO EXPIRES: SEPTEMBER 30, 1998
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
(Print or Type Responses)
- ------------------------------------------------------------------------------------------------------------------------------------
<S><C>
1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or Trading Symbol 6. Relationship of Reporting Person(s)
to Issuer (Check all applicable)
Director X 10% Owner
CONSUMER FINANCE HOLDINGS, INC. Monaco Finance, Inc.; MONFA ---- ----
- --------------------------------------------------------------------------------------------- Officer (give Other
(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below
Person (Voluntary) ----------------- ------------------
5999 Summerside Drive, Suite 112 December 1997
- -------------------------------------------- --------------------- 7. Individual or Joint/Group Filing
(Street) 5. If Amendment, (Check Applicable Line)
Date of Original ---Form filed by One Reportng Person
(Month/Year) ---Form filed by More than One
Dallas Texas 75252 75-2255876 Reporting Person
- ------------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
- ------------------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 4/25/97 1 1,500,000 A $2.00 per share 1,500,000 D 2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, SEE Instruction 4(b)(v). SEC 1474 (7-97)
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
--------------------
Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
<S><C>
- ------------------------------------------------------------------------------------------------------------------------
Option (Right to Buy) $4.00/sh 12/4/97 1 830,000 12/4/97 12/4/00
- ------------------------------------------------------------------------------------------------------------------------
Proxy (Right to vote) 12/4/97 1 443,715 12/4/97 12/4/00
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------
7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Nature
lying Securities of of Deriv- ship of In-
(Instr. 3 and 4) Deriv- ative Form direct
ative Securi- of De- Bene-
Secur- ties rivative ficial
ity Bene- Secu- Own-
(Instr. ficially rity: ership
5) Owned Direct (Instr. 4)
at End (D) or
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
<S><C>
- ------------------------------------------------------------------------------------------
Class B Common 830,000 $4.00/sh 830,000 D 2
- ------------------------------------------------------------------------------------------
Class B Common 443,715 443,715 D 2
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
Explanation of Responses:
(1) See Attached
(2) Owned directly by Consumer Finance Holdings, Inc., which is a wholly owned subsidiary of
Pacific USA Holdings Corp., which is a wholly owned subsidiary of Pacific Electric Wire &
Cable Co., Ltd.
CONSUMER FINANCE HOLDINGS, INC.
By: /s/ Bill C. Bradley December 12, 1997
------------------------------- -----------------
**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
Page 2 of 3
SEC 1474 (7-97)
</TABLE>
<PAGE>
SUPPLEMENT TO FORM 4
Name of Reporting Person Name of Issuer
Pacific Electric Wire & Cable Co., Ltd. Monaco Finance, Inc.: MONFA
For the Purposes of this supplement to Form 4, Pacific USA Holdings
Corp. ("Pacific"), Pacific Electric Wire & Cable Co., Ltd. ("Pacific
Electric"), and Consumer Finance Holdings, Inc. ("Consumer") together shall
be the "Reporting Person." Pacific and Consumer are directly or indirectly
wholly owned by Pacific Electric.
Pursuant to the terms of a Conversion and Rights Agreement, dated April 25,
1997, between Pacific and Monaco (the "Conversion Agreement"), Consumer
acquired 1,500,000 shares of the Class A Common Stock (the "Class A Shares")
of Monaco Finance, Inc. ("Monoco" or "Issuer") upon conversion of a
Promissory Note of Monaco, dated October 29, 1996, held by Pacific in the
original principal amount of $3,000,000. Each Class A Share is entitled to
one vote on all matters submitted to a vote of Monaco's common stockholders.
The Promissory Note evidenced a loan made to Monaco by Pacific pursuant to
the terms of a Loan Agreement, dated October 29, 1996. The funds for the
loan were obtained from Pacific's working capital.
Pursuant to the terms of an Option Agreement, dated December 4, 1997
(the "Option Agreement"), by and among Consumer and Morris Ginsburg ("Mr.
Ginsburg"), Sandler Family Partners, Ltd. ("Sandler FP"), and Irwin L.
Sandler ("Mr. Sandler"), Consumer acquired the right to purchase all, but not
less than all, of 830,000 shares of Monoco's Class B Common Stock, $.01 par
value (the "Option Shares"), at an exercise price of $4.00 per share at any
time prior to December 4, 2000. Mr. Ginsburg is Chairman of the Board,
President, Chief Executive Officer and a director of Issuer. Mr. Sandler is
Executive Vice President, Secretary/Treasurer and a director of Issuer. Each
share of Class B Common Stock is entitled to three votes on all matters
submitted to a vote of Monaco's common stockholders and is automatically
convertible into one share of Class A Common Stock, which has one vote per
share, upon the occurrence of certain events. The Class A Common Stock and
the Class B Common Stock vote as a class on all matters submitted to a vote
of the Common Stock of Monaco. The Option Agreement terminates on December
4, 2000, unless earlier consummated or terminated. Pursuant to the Option
Agreement, each optionor has a right to cause Consumer to purchase (the
"Put") one half of the Class B Common Stock held by such optionor to Consumer
during the 30 day periods following each of December 4, 1999, and December 4,
2000, at a price of $4.00 per share. In connection with the execution of the
Option Agreement, and as contemplated therein, Consumer placed in a
segregated account $3,320,000, which account has been pledged to Mr. Ginsburg
and Sandler FP to secure the full purchase price of the Option Shares and,
alternatively, the full amount Consumer will be obligated to pay for the
Option Shares upon exercise in full of the "Put" provisions of the Option
Agreement. The source of such funds was the working capital of Pacific. In
the event that Consumer or any of its affiliates exercises the Option, and
within 180 days after closing thereof, sells or agrees to sell any portion of
the Shares to a person who is not an affiliate of Consumer for a price
greater than $4.00 per share, the seller shall be obligated to pay the
Shareholders 50% of such excess. The Shareholders agreed not to pledge, sell
or otherwise transfer the Option Shares at any time during the term of the
Option except to the extent of exercise of the Put. Upon exercise of either
the Option or the Put, the Class B Common Stock so purchased by Consumer
will, pursuant to its terms, automatically convert into Class A Common Stock
thereby reducing the voting power of Reporting Person.
On or about May 14, 1993, the Company, Sandler Family Partners, and
Messrs. Ginsburg and Sandler entered into a Buy-Sell Agreement giving the
Company the right to buy all shares of its capital stock owned by Mr.
Ginsburg upon his death and all shares of its capital stock beneficially
owned by Mr. Sandler upon his death. In addition, the Company had a right of
first refusal to purchase any such stock desired to be sold by Mr. Ginsburg
or Sandler Family Partners. This right of first refusal was exercisable by
either the Issuer or the non-selling Shareholder. The parties to the
Buy-Sell Agreement have agreed that the purchase rights and obligations under
the Option Agreement shall supersede the purchase and right of first refusal
provisions contained in the Buy-Sell Agreement during the term of the Option
Agreement.
Also, pursuant to the terms of the Option Agreement, Consumer obtained
irrevocable proxies coupled with an interest from Mr. Ginsburg and Sandler FP
whereby Consumer has the right to vote all of the Option Shares on all
matters presented to the shareholders during the term of the Option
Agreement. Further, pursuant to the terms of the Option Agreement, Consumer
acquired the right to direct the exercise of all consensual or other voting
rights with respect to 443,715 additional shares of the Issuer's Class B
Common Stock as to which Mr. Ginsburg and Mr. Sandler hold a proxy to vote,
subject to the fiduciary duty owed to the grantor of any such proxy.
Page 3 of 3
