Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Alvarez Juan Carlos

2. Date of Event Requiring Statement (MM/DD/YYYY) 12/2/2019

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)

__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

DALLAS, TX 75201

(City) (State) (Zip)

5. If Amendment, Date Original Filed(MM/DD/YYYY)

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

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	23238 ⁽¹⁾⁽²⁾⁽³⁾	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		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)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
(1)	Includes 2,121 restricted stock units (RSUs) that were granted on March 1, 2018 under the Santander Consumer USA Holdings Inc. Omnibus Incentive Plan (the "Plan"). 60% of the original award of 7,953 RSUs vested at grant on March 1, 2018 and 13.33% of the original award of RSUs vested on March 1, 2019. The remaining RSUs will vest in equal installments on each of March 1, 2020 and March 1, 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.
(2)	Includes 7,826 RSUs that were granted on March 1, 2019 under the Plan. 60% of the original award of 19,565 RSUs vested at grant on March 1, 2019. The remaining RSUs will vest in equal installments on each of March 1, 2020, March 1, 2021 and March 1, 2022; provided, that performance metrics described in the applicable award agreement must be satisfied for the March 1, 2022 installment to vest. 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 13,291 shares of Common Stock that settled upon the vesting of RSUs under the Plan as described in footnotes 1-2.

Remarks:
Power of Attorney filed as Exhibit 24 to the Form 3 filed on October 6, 2017.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Alvarez Juan Carlos C/O SANTANDER CONSUMER USA HOLDINGS INC. 1601 ELM STREET, SUITE 800 DALLAS, TX 75201	X