# EDGAR Filing Document

**Accession Number:** 0001383094
**File Stem:** 0001193125-26-057477
**Filing Date:** 2026-2
**Character Count:** 7066
**Document Hash:** dec85780d2ba494e6f949442a76acca1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-057477.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001193125-26-057477

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANTANDER DRIVE AUTO RECEIVABLES LLC
- **CENTRAL INDEX KEY:** 0001383094
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 204382941
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-284121
- **FILM NUMBER:** 26650296

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-634-1110

**MAIL ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRIVE AUTO RECEIVABLES LLC
- **DATE OF NAME CHANGE:** 20061208
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANTANDER DRIVE AUTO RECEIVABLES LLC
- **CENTRAL INDEX KEY:** 0001383094
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 204382941
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-634-1110

**MAIL ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRIVE AUTO RECEIVABLES LLC
- **DATE OF NAME CHANGE:** 20061208

**Filed Pursuant to Rule 433** 

**Registration No. 333-284121** 

\*Full Pricing Details\* $1.585BN+(Offered) Santander Subprime Auto Loan (SDART 2026-1)

Joint Lead Bookrunners: Citi (str), RBC, SanCap and Wells Fargo

DE&I Coordinator: Citi

DE&I Co-Managers: CastleOak Securities and Ramirez & Co

— Anticipated Capital Structure —

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CLS | AMT($MM)\* | WAL^ | M/F\*\* | P.WIN^ | E.FNL^ | L.FNL | BENCH | SPRD | YLD% | CPN% | $PRICE |
|  =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== |
| A1 | 197.100 | 0.12 | P-1/F1+ | <> | <> |  |  |  |  |  |  |
| A2 | 619.800 | 0.76 | Aaa/AAA | 03-17 | 07/27 | 03/29 | I-CRV | + 53 | 4.081 | 4.04 | 99.99509 |
| A3 | 420.310 | 1.87 | Aaa/AAA | 17-29 | 07/28 | 07/30 | I-CRV | + 51 | 3.971 | 3.93 | 99.98479 |
| B | 170.380 | 2.61 | Aaa/AA | 29-35 | 01/29 | 04/32 | I-CRV | + 63 | 4.110 | 4.07 | 99.98717 |
| C | 178.130 | 3.12 | Aa2/A | 35-41 | 07/29 | 04/32 | I-CRV | + 80 | 4.303 | 4.26 | 99.98576 |
| D | 196.520 | 3.78 | Baa2/BBB | 41-51 | 05/30 | 04/32 | I-CRV | + 125 | 4.806 | 4.75 | 99.97057 |
| E | 111.330 | 4.41 | NR/BB | <> | <> |  |  |  |  |  |  |
|  =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== | =========================================================================================================== |

---

^WAL Pricing Speed: 1.50% ABS to 5% Clean-Up Call

\*\*Expected Ratings

— Transaction Details —

\* Offered Size : $1,585,140,000

\* Bloomberg Ticker : SDART 2026-1

\* Expected Ratings : Moody's / Fitch

\* Format : A2-D = SEC Registered

\* Pricing Speed : 1.50% ABS to 5.00% Call

\* Min. Denoms : A2-D = $1K x $1K

\* RR Compliant : US - Yes \| EU - No \| UK - No

\* Expected Pricing : Priced

\* Expected Settlement : 02/25/26

\* First Pay Date : 03/16/26

\* ERISA : A2-D = Yes

\* Bill & Deliver : Citi

— Available Materials —

\* Preliminary Prospectus, Ratings FWP, CDI (attached)

\* Intexnet Dealname : XSDAR2601 ; Password: JJ74

\* Deal Roadshow : https://dealroadshow.com/e/SDART20261 ; Passcode: SDART20261

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-831-9146.