Company: CPSS
Filing Date: 2025-08-22
Form Type: 424B2
Source: 0001683168-25-006421
Chunk: 37

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-22
Form: 424B2
Chunk 37
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 |     |         1.84 |     |     |         2.29 |     |     |         1.41 |     |     |              1.14 |     |     |             1.12 |

_____________________

| 1 | For purposes of computing our ratios of earnings to fixed charges, we calculated earnings by adding fixed charges to income before income taxes. Fixed charges consist of gross interest expenses and one-third of our rent expense, which is the amount we believe is representative of the interest factor component of our rent expense. |

<div align='center'>USE OF PROCEEDS</div>

Although we have no specific
plan to allocate the proceeds, the general purpose of the offering is to raise capital to purchase automobile contracts and for other
general corporate purposes, which may include payment of general and administrative expenses.

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

The following table
sets forth our capitalization, as of June 30, 2025. For a description of the application of the net proceeds see “Use of Proceeds” and “Risk Factors – Risk Factors Relating to the Notes – Our management has broad discretion over the use of proceeds from the offering.”

| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                
 Liabilities                                                                                                         |     |   |           |   |
|:--------------------------------------------------------------------------------------------------------------------|:----|:--|----------:|:--|
| Accounts payable and accrued expenses                                                                               |     | $ |    67,928 |   |
| Warehouse lines of credit                                                                                           |     |   |   395,596 |   |
| Residual interest financing                                                                                         |     |   |   155,103 |   |
| Securitization trust debt                                                                                           |     |   | 2,813,234 |   |
| Renewable Subordinated Notes (subordinated debt)                                                                    |     |   |    28,828 |   |
|                                                                                                                     |     |   | 3,460,689 |   |
| Shareholders’ Equity                                                                                                |     |   |           |   |
| Common stock, no par value; authorized 75,000,000 shares; 22,224,186 shares issued and outstanding at June 30, 2025 |     |   |    26,560 |   |
| Retained earnings                                                                                                   |     |   |   276,551 |   |
| Accumulated other comprehensive loss                                                                                |     |   |