Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
Centerbridge Associates II, L.P.
  2. Issuer Name and Ticker or Trading Symbol
Santander Consumer USA Holdings Inc. [SC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
11/26/2014
(Street)

NEW YORK, NY 10019
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 11/26/2014   S   200,000 D $ 18.75 1,844,625 I See footnotes (1) (2) (3)
Common Stock, par value $0.01 per share 11/28/2014   S   200,000 D $ 18.7 1,644,625 I See footnotes (1) (2) (3)
Common Stock, par value $0.01 per share 12/01/2014   S   25,000 D $ 18.7 1,619,625 I See footnotes (1) (2) (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Centerbridge Associates II, L.P.
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10019
    X    
Centerbridge GP Investors II, LLC
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10152
    X    
CCP II AIV I, L.P.
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10152
    X    
Sponsor Auto Finance Super Holdings, LLC
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10152
    X    
Aronson Jeffrey
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10152
    X    
Gallogly Mark T
C/O CENTERBRIDGE PARTNERS, L.P.
375 PARK AVENUE
NEW YORK, NY 10152
    X    

Signatures

 SPONSOR AUTO FINANCE SUPER HOLDINGS, LLC By: CCPII AIV I, L.P. By: Centerbridge Associates II, L.P, By: Centerbridge GP Investors II, LLC By: /s/ Mark T.Gallogly, Name: Mark T. Gallogly, Title: Authorized Signatory   12/01/2014
**Signature of Reporting Person Date

 CCP II AIV I, L.P. By: Centerbridge Associates II, L.P, By: Centerbridge GP Investors II, LLC By: /s/ Mark T.Gallogly, Name: Mark T. Gallogly, Title: Authorized Signatory   12/01/2014
**Signature of Reporting Person Date

 CENTERBRIDGE ASSOCIATES II, L.P. By: Centerbridge GP Investors II, LLC By: /s/ Mark T.Gallogly, Name: Mark T. Gallogly, Title: Authorized Signatory   12/01/2014
**Signature of Reporting Person Date

 CENTERBRIDGE GP INVESTORS II, LLC, By: /s/ Mark T.Gallogly, Name: Mark T. Gallogly, Title: Authorized Signatory   12/01/2014
**Signature of Reporting Person Date

 JEFFREY H. ARONSON, By: /s/ Jeffrey H. Aronson   12/01/2014
**Signature of Reporting Person Date

 MARK T. GALLOGLY, By: /s/ Mark T. Gallogly   12/01/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Sponsor Auto Finance Holdings Series LP ("Sponsor Holdings LP") directly holds all of the shares of common stock of Santander Consumer USA Holdings Inc. reported herein. Sponsor Auto Finance GP LLC ("Sponsor GP") is the general partner of Sponsor Holdings LP.
(2) Sponsor Auto Finance Super Holdings, LLC may be deemed to indirectly beneficially own these shares of common stock by virtue of its interests in Sponsor GP and Sponsor Holdings LP. The managing member of Sponsor Auto Finance Super Holdings, LLC is CCP II AIV I, L.P., and the sole general partner of CCP II AIV I, L.P. is Centerbridge Associates II, L.P. The sole general partner of Centerbridge Associates II, L.P. is Centerbridge GP Investors II, LLC. The managing members of Centerbridge GP Investors II, LLC are Jeffrey H. Aronson and Mark T. Gallogly.
(3) Each of the Reporting Persons, Sponsor GP and each of the other entities or persons described herein as having interests in Sponsor Holdings LP disclaims beneficial ownership of the securities reported herein, except to the extent of such person or entity's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, such persons or entities are the beneficial owners of any securities reported herein.

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