FORM 3
        	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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                      	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 *

Karam Fahmi	2. Date of Event Requiring Statement (MM/DD/YYYY)
6/13/2018 
	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 /	
(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  	28882   (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)	
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares				
Stock option (right to buy)  	  (4)	9/22/2025  	Common Stock  	19600.0  	$21.74  	D  	 	

Explanation of Responses:	
(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	

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		6/21/2018	
** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
*	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).	
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.	

Ex. 24

POWER OF ATTORNEY
     The undersigned hereby constitutes and appoints each of Christopher
Pfirrman, Rich Walden, and Kristopher R. Tate, signing singly, as the
undersigned's true and lawful attorney-in-fact to:

      (1)     execute for and on behalf of the undersigned, in the undersigned's
     capacity as a director and/or officer of Santander Consumer USA Holdings
     Inc. (the "Company"), Forms 3, 4 and 5 in accordance with Section 16(a)
     of the Securities Exchange Act of 1934, as amended, and the rules
     thereunder (the "Exchange Act") and Form ID, if necessary, to obtain
     EDGAR codes and related documentation for use in filing Forms 3, 4 and 5;

     (2)     do and perform any and all acts for and on behalf of the undersigned
     which may be necessary or desirable to complete and execute any such
     Form 3, 4 or 5 or Form ID, complete and execute any amendment or
     amendments thereto, and file such forms with the U.S. Securities and
     Exchange Commission and any stock exchange or similar authority;

     (3)    take any other action of any type whatsoever in connection with the
     foregoing which, in the opinion of such attorney-in-fact, may be of
     benefit to, in the best interest of, or legally required by, the
     undersigned, it being understood that the documents executed by such
     attorney-in-fact on behalf of the undersigned pursuant to this Power
     of Attorney shall be in such form and shall contain such terms and
     conditions as such attorney-in-fact may approve in such
     attorney-in-fact's discretion; and

     (4)     seek or obtain, as the undersigned's attorney-in-fact and on the
     undersigned's behalf, information regarding transactions in the
     Company's securities from any third party, including brokers, employee
     benefit plan administrators and trustees, and the undersigned hereby
     authorizes any such person to release any such information to such
     attorney-in-fact and approves and ratifies any such release of
     information.

     The undersigned hereby grants to each such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in connection with the exercise
of any of the rights and powers herein granted, as fully to all intents and
purposes as the undersigned might or could do if personally present,
with full power of substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact, or such attorney-in-fact's
substitute or substitutes, shall lawfully do or cause to be done by
virtue of this Power of Attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Exchange Act.

      This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect
to the undersigned's holdings of and transactions in securities issued by
the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

      This Power of Attorney does not relieve the undersigned from
responsibility for compliance with the undersigned's obligations under
the Exchange Act, including, without limitation, the reporting requirements
under Section 16 of the Exchange Act. Additionally, although pursuant to
this Power of Attorney the Company will use commercially reasonable best
efforts to timely and accurately file Section 16 reports on behalf of the
undersigned, the Company does not represent or warrant that it will
be able to in all cases timely and accurately file Section 16 reports on
behalf of the undersigned due to various factors and the undersigned's
and the Company's need to rely on others for information, including
the undersigned and brokers of the undersigned.

[Signature Page Follows]

      IN WITNESS WHEREOF, the undersigned had caused this Power of Attorney to
be executed as of this 13th day of June, 2018.

By: /s/ Fahmi Karam
Name:   Fahmi Karam