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 *
  Karam Fahmi
 2. Date of Event Requiring Statement (Month/Day/Year)
06/13/2018		 3. Issuer Name and Ticker or Trading Symbol
Santander Consumer USA Holdings Inc. [SC]
(Last)
(First)
(Middle)
C/O SANTANDER CONSUMER USA HOLDINGS INC., 1601 ELM STREET, SUITE 800		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Please see remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75201		 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 28,882 (1) (2) (3)
D
 

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)   (4) 09/22/2025 Common Stock 19,600 $ 21.74 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Karam Fahmi
C/O SANTANDER CONSUMER USA HOLDINGS INC.
1601 ELM STREET, SUITE 800
DALLAS, TX 75201		       Please see remarks  

Signatures

/s/ Fahmi Karam 06/21/2018
**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 9,544 restricted stock units (RSUs) that were granted on March 22, 2016 under the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan (the "Plan"). One-third of the RSU award vested on each of March 22, 2017 and 2018 and one-third of the RSU award is scheduled to vest on March 22, 2019. After the shares subject to the RSUs vest and are settled, they remain subject to transfer and sale restrictions for a period of one year.
(2) Includes 10,033 RSUs that were granted under the Plan. 60% of the RSU award vested at grant on March 1, 2017 and 13.33% of the RSU award vested on March 1, 2018. 13.33% of the RSU award is scheduled to vest on each of March 1, 2019 and 2020. After the shares subject to the RSUs vest and are settled, they remain subject to transfer and sale restrictions for a period of one year.
(3) Includes 9,305 RSUs that were granted under the Plan. 60% of the RSU award vested at grant on March 1, 2018 and 13.33% of the RSU award is scheduled to vest on each of March 1, 2019, 2020 and 2021. After the shares subject to the RSUs vest and are settled, they remain subject to transfer and sale restrictions for a period of one year.
(4) Granted pursuant to the Plan on September 22, 2015. 20% of the options became exercisable on each of September 22, 2016 and 2017, and 20% of the options is scheduled become exercisable on each of September 22, 2018, 2019 and 2020.
 
Remarks:
The reporting person's title is EVP, Head of Pricing and Analytics.
Exhibit List: Ex. 24- Power of Attorney

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