Company: CPSS
Filing Date: 2025-08-22
Form Type: 424B2
Source: 0001683168-25-006421
Chunk: 10

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-22
Form: 424B2
Chunk 10
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 Corporation, the Securities Investor Protection Corporation, or any other governmental or private fund or
entity. Therefore, if you invest in the notes, you will have to rely only on our cash flow from operations and other sources of funds
for repayment of principal at maturity or redemption and for payment of interest when due. Our cash flow from operations could be impaired
under the circumstances described under “—Risks Related to Our Business.” If our cash flow from operations and other
sources of funds are not sufficient to pay any amounts owed under the notes, then you may lose all or part of your investment.

The notes will automatically renew unless you request repayment.

Upon maturity, the notes
will be automatically renewed for the same term as your maturing note and at an interest rate that we are offering at that time to other
investors with similar aggregate note portfolios for notes of the same term, unless we notify you prior to the maturity date that we intend
to repay the notes or you notify us within 15 days after the maturity date that you want your notes repaid. This 15 day period will be
automatically extended if you would otherwise be required to make the repayment election at a time when we have determined that a post-effective
amendment to the registration statement of which this prospectus is a part must be filed with the Securities and Exchange Commission,
but such post-effective amendment has not yet been declared effective. If notes with the same term are not then being offered, the interest
rate upon renewal will be the rate specified by us on or before the maturity date, or the rate of the existing note if no such rate is
specified. The interest rate on your renewed note may be lower than the interest rate of your original note. Any requests for repurchases
after your notes are renewed will be subject to contractual restrictions that presently prohibit us from making any such repurchases and,
in any event, to limitations on the amount of notes we would be willing to repurchase in any calendar quarter.

Because we have substantial indebtedness that is senior to the notes, our ability to pay the notes may be impaired.

We have now and, after we sell
these notes, will continue to have a substantial amount of indebtedness. At December 31, 2024 and June 30, 2025, we had approximately
$3,131 million and $3,393 million and of debt outstanding, respectively, comprising (in thousands):

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