Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 2

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 2
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We will issue the notes in book-entry or uncertificated
form. Subject to certain limited exceptions, you will not receive a certificated security or a negotiable instrument that evidences your
notes. We will deliver written confirmations to purchasers of the notes. Computershare Trust Company, National Association, St. Paul,
Minnesota, will act as trustee for the notes.

<div align='center'>TABLE OF CONTENTS</div>

| PROSPECTUS SUMMARY                                |  1 |
| CPS                                               |  1 |
| The Offering                                      |  3 |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE |  6 |
| WHERE YOU CAN FIND MORE INFORMATION               |  7 |
| RISK FACTORS                                      | 10 |
| Risk Factors Relating to the Notes                | 10 |
| Risks Related to Our Business                     | 14 |
| Risks Related to Fair Value Accounting            | 24 |
| Risks Related to General Factors                  | 25 |
| FORWARD-LOOKING STATEMENTS                        | 26 |
| RATIOS OF EARNINGS TO FIXED CHARGES               | 27 |
| USE OF PROCEEDS                                   | 27 |
| CAPITALIZATION                                    | 27 |
| DESCRIPTION OF THE NOTES                          | 28 |
| MATERIAL FEDERAL INCOME TAX CONSEQUENCES          | 39 |
| PLAN OF DISTRIBUTION                              | 41 |
| LEGAL MATTERS                                     | 42 |
| EXPERTS                                           | 42 |
| GLOSSARY                                          | 42 |

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<div align='center'>PROSPECTUS SUMMARY</div>

This summary highlights selected information from this prospectus supplement and from our reports filed with the SEC, and may not contain all the information that may be important to you. You should read the entire prospectus supplement and the other information that is incorporated by reference into this prospectus supplement before making an investment decision. Certain industry terms that we use are defined in the glossary.

This prospectus supplement is supplement to a base prospectus that is included in a registration statement we filed with the SEC, file number 333-272653, and should be delivered with and read in conjunction with that base prospectus. For convenience, we refer hereafter to the base prospectus and this prospectus supplement together as 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