<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2014-01-22</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001580608</issuerCik>
        <issuerName>Santander Consumer USA Holdings Inc.</issuerName>
        <issuerTradingSymbol>SC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001451560</rptOwnerCik>
            <rptOwnerName>Warburg Pincus X Partners, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001414561</rptOwnerCik>
            <rptOwnerName>Warburg Pincus X, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001414564</rptOwnerCik>
            <rptOwnerName>Warburg Pincus X LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001322709</rptOwnerCik>
            <rptOwnerName>Warburg Pincus Partners LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORKD</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000929408</rptOwnerCik>
            <rptOwnerName>WARBURG PINCUS &amp; CO.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 LEXINGTON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001162870</rptOwnerCik>
            <rptOwnerName>WARBURG PINCUS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 LEXINGTON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001239318</rptOwnerCik>
            <rptOwnerName>KAYE CHARLES R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001220638</rptOwnerCik>
            <rptOwnerName>Landy Joseph P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O WARBURG PINCUS &amp; CO.</rptOwnerStreet1>
            <rptOwnerStreet2>450 LEXINGTON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10017</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.01 per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>29416903.52</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">This Form 3 is being filed in connection with the effectiveness of the Registration Statement on Form 8-A relating to the registration under Section 12 of the Securities Exchange Act of 1934, as amended of shares of common stock, par value $0.01 per share (&quot;Common Stock&quot;) of Santander Consumer USA Holdings, Inc. (the &quot;Issuer&quot;) in connection with the Issuer's initial public offering of such Common Stock.</footnote>
        <footnote id="F2">Sponsor Auto Finance Holdings Series LP (&quot;Sponsor Holdings LP&quot;) holds 86,496,266 shares of Common Stock of the Issuer.  Sponsor Auto Finance GP LLC (&quot;Sponsor GP&quot;) is the general partner of Sponsor Holdings LP. A private investor group, including: (i) affiliates of each of Kohlberg Kravis Roberts &amp; Co. L.P., Centerbridge Partners, L.P. and Warburg Pincus LLC; (ii) DFS Sponsor Investments LLC, an entity affiliated with the Chief Executive Officer of the Issuer; and (iii) the President and Chief Financial Officer of the Issuer hold interests in the Issuer through Sponsor Holdings LP.</footnote>
        <footnote id="F3">Sponsor Auto Finance - WP, L.P., a Delaware limited partnership (&quot;Sponsor Auto WP&quot;), may be deemed to indirectly beneficially own 29,416,903.52 shares of Common Stock of the Issuer by virtue of the interests it holds in Sponsor GP and Sponsor Holdings LP.  Common Stock of the Issuer beneficially owned by Sponsor Auto WP may also be deemed to be beneficially owned by Warburg Pincus X Partners, L.P. (&quot;WP X&quot;), a Delaware limited partnership.  Warburg Pincus X, L.P., a Delaware limited partnership (&quot;WP X LP&quot;), is the general partner of the WP X.  Warburg Pincus X LLC, a Delaware limited liability company (&quot;WP X LLC&quot;), is the general partner of WP X LP; Warburg Pincus Partners LLC, a New York limited liability company (&quot;WP Partners&quot;), is the sole member of WP X LLC. (Continued in Footnote 4)</footnote>
        <footnote id="F4">Warburg Pincus &amp; Co., a New York general partnership (&quot;WP&quot;), is the managing member of WP Partners. WP X is managed by Warburg Pincus LLC, a New York limited liability company (&quot;WP LLC&quot;, and together with WP X, WP X LP, WP X, LLC, WP Partners, WP, Sponsor Auto WP, the &quot;Warburg Pincus Entities&quot;). Charles R. Kaye and Joseph P. Landy are Managing General Partners of WP and Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus Entities. Each of Messrs. Kaye and Landy, together with the Warburg Pincus Entities are collectively referred to herein as the &quot;Warburg Pincus Reporting Persons.&quot;</footnote>
        <footnote id="F5">Each Warburg Pincus Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock of the Issuer, except to the extent of its pecuniary interest in such shares of Common Stock.  WP X,  WP X LP, WP X LLC, WP Partners and WP are directors-by-deputization solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. Information with respect to each Warburg Pincus Reporting Person is given solely by such Warburg Pincus Reporting Person, and no Warburg Pincus Reporting Person has responsibility for the accuracy or completeness of information supplied by another Warburg Pincus Reporting Person.</footnote>
    </footnotes>

    <remarks>Due to the limitation on the number of Reporting Persons allowed on Form 3, Sponsor Auto WP and certain of its affiliates, who may be deemed to beneficially own shares of Common Stock of the Issuer, report such beneficial ownership on a separate Form 3. * The Power of Attorney given by each of WP, Mr. Kaye and Mr. Landy was previously filed with the U.S. Securities &amp; Exchange Commission on November 26, 2013 as an exhibit to a statement on Form 4 filed by Warburg Pincus Private Equity IX, L.P. with respect to Laredo Petroleum Holdings, Inc. and is hereby incorporated by reference.</remarks>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney in fact* of, Warburg Pincus &amp; Co., the managing member of Warburg Pincus Partners LLC, the sole member of Warburg Pincus X LLC, the GP of Warburg Pincus X, L.P., the GP of Warburg Pincus X Partners, L.P.</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney in fact* of Warburg Pincus &amp; Co., the managing member of Warburg Pincus Partners LLC, the sole member of Warburg Pincus X LLC, the general partner of Warburg Pincus X, L.P.</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney in fact* of Warburg Pincus &amp; Co., the managing member of Warburg Pincus Partners LLC, the sole member of Warburg Pincus X LLC</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney in fact* of Warburg Pincus &amp; Co., the managing member of Warburg Pincus Partners LLC</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney in fact* of, Warburg Pincus &amp; Co.</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Managing Director, Warburg Pincus LLC</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney-in-fact for Charles R. Kaye*</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Steven G. Glenn, Attorney-in-fact for Joseph P. Landy*</signatureName>
        <signatureDate>2014-01-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
