Company: CPSS
Filing Date: 2025-11-24
Form Type: 424B2
Source: 0001683168-25-008655
Chunk: 5

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-11-24
Form: 424B2
Chunk 5
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 As of December 31, 2024, approximately 72% of our active dealers were franchised
new car dealers that sell both new and used vehicles, and the remainder were independent used car dealers.

For the year ended December 31,
2024, approximately 91% of the automobile contracts originated under our programs consisted of financing for used cars and 9% consisted
of financing for new cars.

We originate automobile contracts with the intention of financing them on a long-term basis through securitizations. Securitizations
are transactions in which we sell a 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 106 term securitizations of automobile contracts that we originated. As of September 30, 2025, 18 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 three such short-term warehouse facilities, with a total maximum borrowing
amount of $702.5 million.

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<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 prospect