Item 1.01. Entry into a Material Definitive Agreement

On May 18, 2021, Santander Consumer USA Inc. ("SC"), a wholly-owned subsidiary of Santander Consumer USA Holdings Inc. (the "Company"), entered into an Amendment (the "Amendment") to the Master Private Label Financing Agreement, dated as of February 6, 2013 (as previously amended, the "Chrysler Agreement"), with FCA US LLC ("FCA"). The Amendment modifies the Chrysler Agreement to, among other things, adjust certain payment provisions and eliminate residual risk sharing on early lease terminations. In connection with the execution of the Amendment, SC agreed to provide additional incentives for the sale and financing of FCA automobiles.

The Chrysler Agreement was filed as Exhibit 10.10 to Amendment No. 5 to the Registration Statement on Form S-1 filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on January 8, 2014.

The foregoing description is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.






(d) Exhibits




Exhibit
  No.                                    Description

10.1          Amendment to Master Private Label Financing Agreement, dated May 18,
            2021 (certain identified information has been excluded from this
            exhibit because it is both (i) not material and (ii) would likely
            cause competitive harm to the Registrant if publicly disclosed).

104         Cover page formatted as Inline XBRL and contained in Exhibit 101

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