Santander Drive Auto Trust Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Santander Drive Auto Receivables Trust 2024-5 |
| Form Type | 10-K |
| Filed Date | Mar 26, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, securitization, auto-loans
TL;DR
Santander Drive Auto Trust 2024-5 filed its 10-K for FY2024, detailing auto loan securitization. **$0.00**
AI Summary
Santander Drive Auto Receivables Trust 2024-5 filed its annual 10-K report for the fiscal year ending December 31, 2024. The filing details the trust's operations and financial status related to auto loan securitization. Santander Drive Auto Receivables LLC, based in Dallas, TX, is the related entity involved in this structured finance operation.
Why It Matters
This filing provides investors and regulators with a comprehensive overview of the performance and structure of auto loan-backed securities issued by Santander, impacting the broader auto finance market.
Risk Assessment
Risk Level: low — This is a routine annual filing for a securitization trust, not indicating new or elevated risks.
Key Numbers
- 20241231 — Fiscal Year End (The period covered by the annual report.)
- 20250326 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- Santander Drive Auto Receivables Trust 2024-5 (company) — Filer of the 10-K report
- Santander Drive Auto Receivables LLC (company) — Related entity, former company name was Drive Auto Receivables LLC
- Dallas, TX (location) — Business and mail address for the filer
- 214-634-1110 (phone_number) — Business phone number
FAQ
What is the primary business of Santander Drive Auto Receivables Trust 2024-5?
The primary business is related to asset-backed securities, specifically auto loans, as indicated by the SIC code [6189] and asset class 'Auto loans'.
Who is the main entity filing this 10-K report?
The main entity filing is Santander Drive Auto Receivables Trust 2024-5, with Santander Drive Auto Receivables LLC as a related entity.
Where are the business operations of Santander Drive Auto Receivables LLC located?
The business and mail address for Santander Drive Auto Receivables LLC is 1601 Elm Street, Suite 800, Dallas, TX 75201.
What is the SEC file number for this filing?
The SEC file number for Santander Drive Auto Receivables Trust 2024-5 is 333-261901-20.
When did the company formerly known as Drive Auto Receivables LLC change its name?
The date of the name change from Drive Auto Receivables LLC to Santander Drive Auto Receivables LLC was December 8, 2006.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 26, 2025 regarding Santander Drive Auto Receivables Trust 2024-5.