SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Centerbridge Associates II, L.P. (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE (Street) NEW YORK NY 10019 (City) (State) (Zip)	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)
	3. Date of Earliest Transaction (Month/Day/Year) 01/28/2014
	4. If Amendment, Date of 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

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	01/28/2014		J(1)		1,591,666	D	$0.00(1)	0(1)	I	See footnotes(1)(6)
Common Stock, par value $0.01 per share	01/28/2014		J(2)		1,591,666	D	$0.00(2)	0(2)	I	See footnotes(2)(6)
Common Stock, par value $0.01 per share	01/28/2014		J(3)		1,591,666	D	$0.00(3)	0(3)	I	See footnotes(3)(4)(6)
Common Stock, par value $0.01 per share	01/28/2014		J(4)		1,588,862	D	$0.00(4)	0(4)	I	See footnotes(4)(6)
Common Stock, par value $0.01 per share								4,130,825.75	I	See footnotes(5)(6)

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 Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person* Centerbridge Associates II, L.P. (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Centerbridge GP Investors II, LLC (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE (Street) NEW YORK NY 10152 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* CCP II AIV I, L.P. (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE (Street) NEW YORK NY 10152 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Sponsor Auto Finance Super Holdings, LLC (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE (Street) NEW YORK NY 10152 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Represents a distribution by Sponsor Auto Finance Super Holdings, LLC ("Super Holdings") of shares of common stock, par value $0.01 per share ("Common Stock"), of Santander Consumer USA Holdings Inc. (the "Issuer"), to CCP II AIV I, L.P. ("CCP AIV I"), its managing member, in respect of CCP AIV I's pro rata interest in Super Holdings. These shares of Common Stock of the Issuer were received by Super Holdings in a distribution from Sponsor Auto Finance Holdings Series LP ("Sponsor Holdings LP") in respect of Super Holding's pro rata interest in Sponsor Holdings LP on January 28, 2014. Following this distribution, Super Holdings does not directly hold any shares of Common Stock of the Issuer.

2. Represents a distribution by CCP AIV I to its general partner, Centerbridge Associates II, L.P. ("Associates II") in respect of Associates II's pro rata interest in CCP AIV I. These shares of Common Stock of the Issuer were received by CCP AIV I in the distribution described in footnote 1 above. Following this distribution, CCP AIV I does not directly hold any shares of Common Stock of the Issuer.

3. Represents a distribution by Associates II to certain of its limited partners and its general partner, Centerbridge GP Investors II, LLC ("GP Investors") in respect of their respective pro rata interests in Associates II. These shares of Common Stock of the Issuer were received by Associates II in connection with the distributions described in footnotes 1 and 2 above. Following this distribution, Associates II does not directly beneficially own any shares of Common Stock of the Issuer.

4. Represents a distribution by GP Investors to certain of its members in respect of their respective pro rata interests in GP Investors. These shares of Common Stock of the Issuer were received by GP Investors in connection with the distributions described in footnotes 1 through 3 above. Associates II continues to hold shares of Common Stock as nominee for the persons or entities receiving shares of Common Stock in the distributions described in footnote 3 and 4, pending charitable donations by such persons or entities. Following this distribution, GP Investors does not directly hold any shares of Common Stock of the Issuer.

5. Each of Super Holdings, CCP AIV I, Associates II, and GP Investors may be deemed to indirectly beneficially own these shares of Common Stock by virtue of the interest of Super Holdings in Sponsor Holdings LP, which directly holds these shares of Common Stock of the Issuer, and its general partner, Sponsor Auto Finance GP LLC ("Sponsor GP").

6. 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.

Remarks:

	SPONSOR AUTO FINANCE SUPER HOLDINGS, LLC By: 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	01/30/2014
	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	01/30/2014
	CENTERBRIDGE ASSOCIATES II, L.P. By: Centerbridge GP Investors II, LLC By: /s/ Mark T. Gallogly, Name: Mark T. Gallogly,Title: Authorized Signatory	01/30/2014
	CENTERBRIDGE GP INVESTORS II, LLC, By: /s/ Mark T. Gallogly, Name: Mark T. Gallogly, Title: Authorized Signatory	01/30/2014
	JEFFREY H. ARONSON, By: /s/ Jeffrey H. Aronson	01/30/2014
	MARK T. GALLOGLY, By: /s/ Mark T. Gallogly	01/30/2014
	** Signature of Reporting Person	Date
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