MEMPHIS, Tenn. — Many were left with confusion and frustration after Memphis-based American Car Center closed its doors nationwide last year, but now cars are being sold again at one of their former locations.
At the property that once housed the American Car Center on 6400 Winchester Road, there’s activity on the lot again.
It raises questions after the former business, nicknamed the “King of Credit,” filed for bankruptcy protection and abruptly closed last spring.
American Car Center files for bankruptcy
It left employees without jobs and customers, like one man who didn’t want his name used, wondering where to make their car payment and fearing their car would be repossessed.
“Yeah, if they are the ‘King of Credit,’ how are they going to let somebody down? They say we are the bank. I don’t trust them,” said the customer. “I don’t know what kind of dealership is over there. I don’t know who is involved in that.”
WREG wanted to find out who is selling cars there, especially with the old signage still prominent. We learned the new company is called I-Finance LLC.