Company: CPSS
Filing Date: 2025-08-22
Form Type: 424B2
Source: 0001683168-25-006421
Chunk: 3

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-22
Form: 424B2
Chunk 3
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 the prospectus.

<div align='center'>CPS</div>

We are a specialty finance
company. Our business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and,
to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger
vans. Through our automobile contract purchases, we provide indirect financing to the customers of dealers who have limited credit histories
or past credit problems, who we refer to as sub-prime customers. We serve as an alternative source of financing for dealers, facilitating
sales to customers who otherwise might not be able to obtain financing from traditional sources, such as commercial banks, credit unions
and the captive finance companies affiliated with major automobile manufacturers. In addition to purchasing installment purchase contracts
directly from dealers, we have also acquired installment purchase contracts in four merger and acquisition transactions, and purchased
or originated immaterial amounts of loans secured by vehicles. In this prospectus, we refer to all of such contracts and loans as “automobile
contracts.”

We were incorporated and began
our operations in March 1991. We consist of Consumer Portfolio Services, Inc. and subsidiaries (collectively, “we,” “us,”
“CPS” or “the Company”). From inception through June 30, 2025, we have originated a total of approximately $23.9
billion of automobile contracts from dealers. In addition, we acquired a total of approximately $822.3 million of automobile contracts
in mergers and acquisitions in 2002, 2003, 2004 and 2011. Recent contract purchase volumes and managed portfolio levels are shown in the
table below. Managed portfolio comprises both contracts we owned and those we were servicing for non-affiliates.

<div align='center'>Contract Purchases and Outstanding Managed Portfolio</div>

|                                |     | $ in thousands                |           |     |                                 |           |
| Period                         |     | Contracts Purchased in Period |           |     | Managed Portfolio at Period End |           |
| 2020                           |     |                               |   742,584 |     |                                 | 2,174,972 |
| 2021                           |     |                               | 1,146,321 |     |                                 | 2,249,069 |
| 2022                           |     |                               | 1,854,385 |     |                                 | 3,001,308 |
| 2023