Investors interested in inexpensive, yet high yield opportunities will want to learn more about Consumer Portfolio Services (CPS). Since 1991 this independent specialty finance company has grown into a leader in indirect automobile financing via franchised dealerships in forty-eight states. Buyers selected have past credit problems, low incomes, or limited credit histories. Loans are approved using late model vehicles as the collateral.
Consistently High Dividends
Common stock for the company is traded on NASDAQ under CPSS and currently sells at $3.55 per share. The fifty-two-week high is $4.70 with a fifty-two-week low of $3.18. The solid performance is the foundation for consistent gains and stable investing. The once small company employs over one-thousand people in five branches, all located in the US. The active customer number has reached one-hundred and seventy-five-thousand.
Keeping investors informed about the company is a priority to maintain transparency and confidence in the investment. New releases, webcasts, presentations, and a complete calendar of events are all provided to investors. Highlights are reported regularly, conference calls are made, and investor FAQs are found right on the website. Representatives are always available to answer questions, respond to emails, and provide resources for detailed information.
Working with CPS offers dealership owners the opportunity to get local customers into safe and reliable transportation in the absence of stellar credit ratings. A credit issue in the past or no credit history at all, need not be a barrier to transportation needed to get back and forth to work, run essential errands, or get the children to school. The reputation of the dealership improves, new customers are attracted to see what is offered, and revenues increase.
Dealerships are the introduction point to this type of financing. Customers do not apply for financing through the company, only through the dealership. The contract with the dealership is purchased by the company after it is approved and signed by the customer. The customer gets a vehicle, the dealership is given credit for the approval, and the finance company makes the profits. Everyone wins, including investors. Dealerships and investors should take a closer look at the company and the opportunities offered.