This company (also known as ATS, ATG, and affiliates) is in bankruptcy court. Trucks are company assets and could be taken back any day. Assets are already being liquidated. When I received the court mandated court documents involving all parties that have vested interest in the assests(trucks). I simply surrendered the truck. Was not going to let my financial stability rely on a company with NO financial stability of their own. They have closed multiple "dealerships" including the Georgia and Arizona locations. It is an outrage that representatives of American Truck Showroom(ATS, ATG and affiliates) are still accepting funds as deposit towards assets that will not ever be sold to the unknowing customer. THIS IS A RENTAL!!!! You never own these trucks. The owners/partners of America Truck Showroom (ATS, ATG and affiliates) will continue to profit off of your hard earned down payment. While benefiting from the protection of the bankruptcy laws. This is a rental so you have no recourse and the bankruptcy laws do not protect your interests or down payment. Bankruptcy court is public knowledge please do your research.
To the "owner":
No phone number will be given. No communication is necessary or wanted. All the poor reviews on here are accurate. Companies that file chapter 11 do so to change their name and continue to do the same "shady" business practice. Is this the first chapter 11 the investors/owners have filed? I have read all the documents sent to me. There is the possibility of assets being seized. So RENTER BEWARE!!! This a silver tongue "sales" plot to take advantage of people desperate to own their own truck. Just because they have no or low credit. Schneider credit works with the same people and so does loan mountain both are up front and honest. MOST IMPORTANTLY READ THE CONTRACT. PAY ATTENTION TO EVERY WORD. SPEND A FEW DOLLARS AND HAVE A LAWYER READ THROUGH IT WITH YOU THIS COULD SAVE YOU THOUSANDS. Read all the reviews for this company and understand they have people who write the "good ones". Once again RENTER BEWARE!!!!!
Read about other chapter 11 filings here:
Response from the owner8 hours ago
Yes, this company is in a Chapter 11 bankruptcy and will be coming out of it in the next 30 days.
Once this is over, all the company wants to do is improve and grow.
You mention trucks can be taken back any day, well that would never happen because this company is NOT going through a chapter 7 bankruptcy. If it was, that would be a possibility.
Parties with vested interests include strong buyers who will be confirmed this month.
We are unsure why you would have surrendered your truck, the company is holding all of its contractual obligations with all customers.
We have asked for your phone number so we can talk to you about your review, but without a way to reach you how can we discuss it?
Airlines, oil companies, banks - all have gone through chapter 11 bankruptcies before, and they all made it through, and we are going to make it through ours.
Yes, last year we closed the Atlanta and the Phoenix branch. When you go through a chapter 11, things like that happen and you have to tighten your belt to get past it. However the plans to open another branch at a new location are in the works.
We absolutely do honor our agreement with all customers, and will continue to.
Yes, this is a rental with purchase option. It is similar to a lease only the value of the vehicle will continue to drop with NADA Book value and at the end of the term, there is a small amount due and you own it. We have no intentions of misrepresenting our agreement.
Furthermore, when you are in a chapter 11, there are very strict guidelines that must be followed and the trustee is not going to let anything dishonest happen.