Drive Auto Receivables Trust 2024-2 Files 2024 Annual Report
| Field | Detail |
|---|---|
| Company | Drive Auto Receivables Trust 2024-2 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, auto-loans, annual-report
TL;DR
Drive Auto Receivables Trust 2024-2 filed its 10-K for FY24. All good.
AI Summary
Drive Auto Receivables Trust 2024-2 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, primarily dealing with auto loans. Santander Drive Auto Receivables LLC is identified as a key entity involved in the trust's structure, also based in Dallas, Texas.
Why It Matters
This filing provides crucial transparency into the financial health and operational structure of a securitization trust backed by auto loans, impacting investors and the broader auto finance market.
Risk Assessment
Risk Level: low — This is a standard annual filing for an asset-backed securities trust, not indicating new or elevated risks.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the annual report.)
- 10-K — Filing Type (Indicates this is an annual report providing comprehensive financial information.)
Key Players & Entities
- Drive Auto Receivables Trust 2024-2 (company) — Filer of the 10-K report
- Santander Drive Auto Receivables LLC (company) — Related entity involved with the trust
- Dallas, Texas (location) — Business and mailing address for both entities
- December 31, 2024 (date) — Fiscal year end for the report
FAQ
What is the primary business of Drive Auto Receivables Trust 2024-2?
The primary business is related to asset-backed securities, specifically dealing with auto loans, as indicated by the SIC code [6189] and asset class 'Auto loans'.
Who is the main filer for this 10-K report?
The main filer is Drive Auto Receivables Trust 2024-2, with Santander Drive Auto Receivables LLC also listed as a significant entity.
Where are the principal offices of the entities located?
The principal offices for both Drive Auto Receivables Trust 2024-2 and Santander Drive Auto Receivables LLC are located at 1601 Elm Street, Suite 800, Dallas, Texas 75201.
What period does this 10-K report cover?
This 10-K report covers the fiscal year ended December 31, 2024.
What is the SEC file number for this filing?
The SEC file number for Drive Auto Receivables Trust 2024-2 is 333-261901-19, and for Santander Drive Auto Receivables LLC it is 333-139609.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Drive Auto Receivables Trust 2024-2.