CPS Announces $185 Million Senior Subordinate Asset-Backed Securitization

CPS Announces $185 Million Senior Subordinate Asset-Backed Securitization

IRVINE, Calif., March 20, 2013 (GLOBE NEWSWIRE) -- Consumer Portfolio
Services, Inc. (Nasdaq:CPSS) ("CPS" or the "Company") today announced the
closing of its first term securitization of 2013. The transaction is CPS's
eighth senior subordinate securitization since 2011.

In the transaction, qualified institutional buyers purchased $185,000,000 of
asset-backed notes secured by automobile receivables purchased by CPS. The
sold notes, issued by CPS Auto Receivables Trust 2013-A, consist of five
classes. Ratings of the notes were provided by Standard & Poor's and Moody's
and were based on the structure of the transaction, the historical performance
of similar receivables and CPS's experience as a servicer.

Note                 Interest     Average              Standard &   Moody's
Class    Amount      Rate         Life       Price     Poor's       Rating
                                                       Rating
A        $142.0      1.31%        1.78 years 99.98709% AA-          A1
         million
B        $16.7       1.89%        2.06 years 99.99298% A            A2
         million
C        $11.1       2.79%        2.80 years 99.98747% BBB          Baa2
         million
D        $9.2        4.41%        2.45 years 99.98130% BB           Ba2
         million
E        $6.0        6.41%        2.04 years 99.99319% B+           B2
         million

The weighted average effective interest rate on the notes is approximately
1.87%.

The 2013-A transaction has initial credit enhancement consisting of a cash
deposit equal to 1.00% of the original receivable pool balance. The final
enhancement level requires accelerated payment of principal on the notes to
reach overcollateralization of 11.50% of the then-outstanding receivable pool
balance.

The transaction utilizes a pre-funding structure, in which CPS sold
approximately $116.3 million of receivables today and plans to sell
approximately $68.7 million of additional receivables during April 2013. This
further sale is intended to provide CPS with long-term financing for
receivables purchased primarily in the month of March.

The transaction was a private offering of securities, not registered under the
Securities Act of 1933, or any state securities law. All of such securities
having been sold, this announcement of their sale appears as a matter of
record only.

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is an independent specialty finance company
that provides indirect automobile financing to individuals with past credit
problems, low incomes or limited credit histories. We purchase retail
installment sales contracts primarily from franchised automobile dealerships
secured by late model used vehicles and, to a lesser extent, new vehicles. We
fund these contract purchases on a long-term basis through the securitization
markets and service the loans over their entire contract terms.

CONTACT: Investor Relations Contact
        
         Robert E. Riedl, Chief Investment Officer
         949 753-6800
 
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