Consumer Portfolio Services have been providing auto financing for over 25 years, becoming a leader in the industry. While car financing can be difficult to understand, this guide will answer all your questions about what it takes to secure a loan from CPS.
What is Auto Financing?
Auto financing is the process of borrowing money from a lender, such as Consumer Portfolio Services, to purchase a vehicle. The borrowing party will then make monthly payments, including interest, until the loan is paid off in full. This type of loan is typically secured by the vehicle itself and may require a down payment.
Why Do People Use Auto Financing?
For those looking to purchase a new or used vehicle, seeking out an auto loan could be their best bet. Unlike purchasing with cash, which can require a lot of savings, a loan allows you to spread out the cost over several …










