Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 36

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 36
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;                               |
| · | competition;                                                                                         |
| · | level of losses incurred on contracts in our managed portfolio;                                      |
| · | adverse decisions by courts or regulators;                                                           |
| · | regulatory changes with respect to consumer finance;                                                 |
| · | changes in the market for used vehicles;                                                             |
| · | levels of cash releases from existing pools of contracts;                                            |
| · | the terms on which we are able to finance contract purchases;                                        |
| · | the willingness or ability of dealers to assign contracts to us on acceptable terms;                 |
| · | the terms on which we are able to complete term securitizations once contracts are acquired;         |
| · | any breach in the security of our systems; and                                                       |
| · | such other factors as discussed through the “Risk Factors” section of this prospectus.               |

The risk factors discussed
above could cause our actual results to differ materially from those expressed in any forward-looking statements. Factors that we believe
are especially important with respect to that particular statement are those discussed above under the captions “We Require a Substantial
Amount of Cash to Service Our Substantial Debt,” “We Need Substantial Liquidity to Operate Our Business,” “Our
Results of Operations Will Depend on Our Ability to Secure and Maintain Adequate Credit and Warehouse Financing on Favorable Terms,”
“Our Results of Operations Will Depend on Our Ability to Securitize Our Portfolio of Automobile Contracts,” “If We Lose
Servicing Rights on Our Portfolio of Automobile Contracts, Our Results of Operations Would Be Impaired,” “If We Experience
Unfavorable Litigation Results, Our Results of Operations May Be Impaired,” and “If The Economy of All or Certain Regions
of the United States Falls into Recession, Our Results of Operations May Be Impaired.”

| 26 |

<div align='center'>RATIOS OF EARNINGS TO FIXED CHARGES</div>

|                                     |     |     | December 31, 
         2020 |     |     | December 31, 
         2021 |     |     | December 31, 
         2022 |     |     | December 31, 
         2023 |     |     | December 31, 2024 |   |
|:------------------------------------|:----|:----|-------------:|:----|:----|-------------:|:----|:----|-------------:|:----|:----|-------------:|:----