Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 5

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 5
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specified pool of automobile contracts to a special purpose subsidiary of ours. The subsidiary in turn issues (or contributes to a trust
that issues) asset-backed securities, which are purchased by institutional investors. Since 1994, we have completed 103 term securitizations
of automobile contracts that we originated. As of December 31, 2024, 17 of those securitizations are active and all are structured as secured financings.We depend upon the availability of short-term warehouse credit facilities
as interim financing for our contract purchases prior to the time we pool those contracts for a securitization. As of the date of this
prospectus we have two such short-term warehouse facilities, with a total maximum borrowing amount of $535 million.

| 2 |

<div align='center'>The Offering</div>

| Issuer             |     | Consumer Portfolio Services, Inc.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Trustee            |     | Computershare Trust Company, National Association, as successor trustee to Wells Fargo Bank, National Association                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Selling Agent      |     | None                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Paying Agent       |     | Computershare Trust Company, National Association, as successor paying agent to Wells Fargo Bank, National Association                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Securities Offered |     | Renewable Unsecured Subordinated Notes. The notes represent our unsecured promise to repay principal at maturity and to pay interest during the term or at maturity. By purchasing a note, you are lending money to us without any collateral security.                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Method of Purchase |     | Prior to your purchase of notes, you will be required to complete a subscription agreement that will set forth the principal amount of your purchase, the term of the notes and certain other information regarding your ownership of the notes. The form of subscription agreement is filed as an exhibit to the registration statement of which this prospectus is a part. We will mail you written confirmation that your subscription has been accepted.                                                                                                                                                                                                               |
| Denomination       |     | You may choose the denomination of the notes you purchase in any principal amount of $1,000 or more, including odd amounts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Offering Price     |     | 100% of the principal amount per note.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Rescission Right   |     | You may rescind your investment within five business days of the postmark date of your purchase confirmation without incurring an