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Three and Six Month Renewable Unsecured Subordinated Notes One, Two, Three, Four, Five and Ten Year ... - page 4 / 40





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Issuer Trustee Selling Agent Paying Agent Securities Offered

Consumer Portfolio Services, Inc. Wells Fargo Bank, National Association None Wells Fargo Bank, National Association

Renewable Unsecured Subordinated Notes. The notes represent our unse- cured 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 sub- scription agreement that will set forth the principal amount of your pur- chase, 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 prospectus is a part. We will mail you written confirmation that your subscription has been ac- cepted.


You may choose the denomination of the notes you purchase in any prin- cipal amount of $1,000 or more, including odd amounts.

Offering Price Rescission Right

100% of the principal amount per note.

You may rescind your investment within five business days of the post- mark date of your purchase confirmation without incurring an early re- demption penalty. In addition, if your subscription agreement is accepted 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, you will be able to res- cind your investment subject to the conditions set forth in this prospectus. See “Description of the Notes — Rescission Right” for additional infor- mation.


You may generally choose maturities for your notes of 3 or 6 months or 1, 2, 3, 4, 5 or 10 years; however, depending on our capital requirements, we may not sell notes of all maturities at all times.

Interest Rate

The interest rate of the notes will be established at the time you purchase them, or at the time of renewal, based upon the rates we are offering in our latest interest rate supplement to this prospectus, and will remain fixed throughout each term. We may offer higher rates of interest to in- vestors with larger aggregate note portfolios, as set forth in the then cur- rent interest rate supplement.

Interest Payment Dates

You may choose to receive interest payments monthly, quarterly, semian- nually, annually or at maturity. If you choose to receive interest payments monthly, you may choose the day on which you will be paid. Subject to our approval, you may change the interest payment schedule or interest payment date once during each term of your notes.

Principal Payment

We will not pay principal over the term of the notes. We are obligated to pay the entire principal balance of the outstanding notes upon maturity.

Payment Method

Principal and interest payments will be made by direct deposit to the ac- count you designate in your subscription documents.

The Offering


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