Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 8

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 8
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 31, 2024 and 2023.

    Contracts Purchased During the Year Ended (1) 

    December 31, 2024  
    December 31, 2023 

    (dollars in thousands) 
  
    Program 
    Amount Financed  
    Percent (1)  
    Amount Financed  
    Percent (1) 
  
    Meta 
    $55,241  
     3.3%  
    $45,319  
     3.3% 
  
    Preferred 
     278,044  
     16.5%  
     175,122  
     12.9% 
  
    Super Alpha 
     338,156  
     20.1%  
     265,385  
     19.5% 
  
    Alpha Plus 
     372,345  
     22.1%  
     179,526  
     13.2% 
  
    Alpha 
     424,433  
     25.2%  
     383,512  
     28.2% 
  
    Standard 
     116,159  
     6.9%  
     103,499  
     7.6% 
  
    Mercury / Delta 
     27,554  
     1.6%  
     52,250  
     3.8% 
  
    First Time Buyer 
     37,317  
     2.2%  
     52,313  
     3.9% 
  
    Third Parties 
     32,692  
     1.9%  
     100,826  
     7.4% 

    $1,681,941  
     100.0%  
    $1,357,752  
     100.0% 

(1)Percentages may not total to 100.0% due to rounding.

 5 

We attempt to control misrepresentation
regarding the customer’s credit worthiness by carefully screening the automobile contracts we originate, by establishing and maintaining
professional business relationships with dealers, and by including certain representations and warranties by the dealer in the dealer
agreement. Pursuant to the dealer agreement, we may require the dealer to repurchase any automobile contract