Company: CPSS
Filing Date: 2025-11-24
Form Type: 424B2
Source: 0001683168-25-008655
Chunk: 62

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-11-24
Form: 424B2
Chunk 62
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 bear all expenses incurred in connection with the offer and sale of the
notes, including document fulfillment expenses, legal and accounting fees, regulatory fees, due diligence expenses, and marketing costs.
No one will receive a commission based on notes sold or renewed.

Prior to the offering, there
has been no public market for the notes. We do not intend to list the notes on any securities exchange or include them for quotation on
Nasdaq. No one is obligated to make a market in the notes, and we do not anticipate that a secondary market for the notes will develop.

We may vary the terms and
conditions of the offer by state, locality or as otherwise described under “Description of the Notes – Interest Rate”
and “ – Variations in Terms and Conditions” in this prospectus. From time to time, we also may vary the terms and conditions
of the securities offered by this prospectus depending on such factors as our liquidity requirements, the interest rate environment and
other economic conditions.

| 41 |

<div align='center'>LEGAL MATTERS</div>

Certain legal matters in
connection with the notes have been passed upon for us by our Chief Legal Officer, Michael Lavin, Irvine, California and by Alston &
Bird LLP, Dallas Texas.

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

The consolidated financial
statements incorporated in this Prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2024 have been
so incorporated in reliance on the report of Crowe LLP, independent registered public accounting firm, given on the authority of said
firm as experts in auditing and accounting.

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

asset-backed securities— Securities that are backed by financial assets, such as automobile contracts and loans.

automobile contract—
A retail installment sales contract or installment loan agreement secured by a new or used automobile, light-duty truck or van.

credit enhancement—
Credit enhancement refers to a mechanism that is intended to protect the holders of the asset-backed securities against losses due to
defaults by the obligors under the automobile contracts.

excess spread cash flows— The difference between the cash collected from automobile contracts in a securitization or warehouse credit facility in any
period and the sum of (i) the interest and principal paid to investors on the indebtedness issued in connection with the securitization
or warehouse credit facility, (ii) the costs of servicing the automobile contracts and (iii) certain other costs incurred in connection
with