Santander Drive Auto Trust Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables Trust 2023-3 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, asset-backed-securities, auto-loans, securitization
TL;DR
Santander Drive Auto Trust 2023-3 filed its 2024 10-K. All good.
AI Summary
Santander Drive Auto Receivables Trust 2023-3 filed its annual 10-K report for the fiscal year ending December 31, 2024. The filing details its operations as an asset-backed securities entity, with Santander Drive Auto Receivables LLC listed as a related filer. The company is incorporated in Delaware and its principal business address is in Dallas, Texas.
Why It Matters
This filing provides crucial transparency into the financial health and operational structure of Santander's auto loan securitization trust, impacting investors and the broader auto finance market.
Risk Assessment
Risk Level: low — The filing is a standard annual report for an asset-backed securities trust and does not indicate any immediate or unusual risks.
Key Numbers
- 12 — Public Document Count (Indicates the number of documents included in this filing.)
- 2024 — Fiscal Year End (The period covered by this annual report.)
Key Players & Entities
- Santander Drive Auto Receivables Trust 2023-3 (company) — Primary filer of the 10-K report.
- Santander Drive Auto Receivables LLC (company) — Related filer and likely servicer/sponsor for the trust.
- Dallas, TX (location) — Location of the business and mailing addresses for both filers.
- December 31, 2024 (date) — Fiscal year end for the reported period.
FAQ
What is the primary business of Santander Drive Auto Receivables Trust 2023-3?
The company is involved in asset-backed securities, specifically related to auto loans, as indicated by its SIC code [6189] and asset class.
Who is the parent or related entity filing this report?
Santander Drive Auto Receivables LLC is listed as a related filer, with a former name of Drive Auto Receivables LLC.
Where are the main operations based?
The business and mailing addresses for both Santander Drive Auto Receivables Trust 2023-3 and Santander Drive Auto Receivables LLC are located at 1601 Elm Street, Suite 800, Dallas, TX 75201.
What is the SEC file number for this entity?
The SEC file number for Santander Drive Auto Receivables Trust 2023-3 is 333-261901-10, and for Santander Drive Auto Receivables LLC it is 333-139609.
What is the significance of the 'Conformed Period of Report'?
The 'Conformed Period of Report' of 20241231 indicates that the filing covers the fiscal year ending on December 31, 2024.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Santander Drive Auto Receivables Trust 2023-3.