Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 10

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 10
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 event, the total principal amount of notes that we
would be required to repurchase in any calendar quarter, for any reason, will be limited to the greater of $1 million or 2% of the aggregate
principal amount of all notes outstanding at the end of the previous quarter. See “Description of the Notes.”

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Because the notes will have no sinking fund, collateral security, insurance or guarantee, you may lose all or a part of your investment in the notes if we do not have enough cash to pay the notes.

There is no sinking fund,
collateral security, insurance or guarantee of our obligation to make payments on the notes. The notes are not secured by any of our assets.
We will not contribute funds to a separate account, commonly known as a sinking fund, to make interest or principal payments on the notes.
The notes are not certificates of deposit or similar obligations of, and are not guaranteed or insured by, any depository institution,
the Federal Deposit Insurance Corporation, the Securities Investor Protection Corporation, or any other governmental or private fund or
entity. Therefore, if you invest in the notes, you will have to rely only on our cash flow from operations and other sources of funds
for repayment of principal at maturity or redemption and for payment of interest when due. Our cash flow from operations could be impaired
under the circumstances described under “—Risks Related to Our Business.” If our cash flow from operations and other
sources of funds are not sufficient to pay any amounts owed under the notes, then you may lose all or part of your investment.

The notes will automatically renew unless you request repayment.

Upon maturity, the notes
will be automatically renewed for the same term as your maturing note and at an interest rate that we are offering at that time to other
investors with similar aggregate note portfolios for notes of the same term, unless we notify you prior to the maturity date that we intend
to repay the notes or you notify us within 15 days after the maturity date that you want your notes repaid. This 15 day period will be
automatically extended if you would otherwise be required to make the repayment election at a time when we have determined that a post-effective
amendment to the registration statement of which this prospectus is a part must be filed with the Securities and Exchange Commission,
but such post-effective amendment has not yet been declared effective. If notes with the same term are not then being offered, the interest
rate upon renewal will be the rate specified by us on or