Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Kulas Jason A.
 2. Date of Event Requiring Statement (Month/Day/Year)
01/22/2014		 3. Issuer Name and Ticker or Trading Symbol
Santander Consumer USA Holdings Inc. [SC]
(Last)
(First)
(Middle)
C/O SANTANDER CONSUMER USA HOLDINGS INC., 8585 NORTH STEMMONS FREEWAY SUITE 1100-N		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
See Remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75247		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 369,490 (1)
D
 
Common Stock 54,728
I
by Sponsor Auto Finance Holdings Series LP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock option (right to buy)   (2) 12/31/2021 Common Stock 563,640 $ 9.21 D  
Stock option (right to buy)   (2) 12/31/2021 Common Stock 101,917 $ 12.1 D  
Stock option (right to buy)   (3) 01/22/2024 Common Stock 341,898 $ 24 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kulas Jason A.
C/O SANTANDER CONSUMER USA HOLDINGS INC.
8585 NORTH STEMMONS FREEWAY SUITE 1100-N
DALLAS, TX 75247		       See Remarks  

Signatures

/s/ Eldridge A. Burns, Jr., Attorney-in-Fact 01/22/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 172,295 shares of restricted common stock, scheduled to vest, generally based on continued service, upon each of the first through fifth anniversaries of the date of grant, which was December 28, 2013.
(2) Granted pursuant to the Santander Consumer USA Inc. 2011 Management Equity Plan. 20% of the options vested upon each of December 31, 2012 and 2013 and the remainder vested upon consummation of the initial public offering; all options are currently exercisable.
(3) Granted pursuant to the Santander Consumer USA Inc. 2013 Omnibus Incentive Plan. The stock option award is time vested, generally based on continued service, and is scheduled to vest in equal installments on each of the first through fifth anniversaries of the date of grant, which was January 22, 2014.
 
Remarks:
President and Chief Financial Officer

Exhibit List: Exhibit 24 - Power of Attorney

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