# EDGAR Filing Document

**Accession Number:** 0001383094
**File Stem:** 0001193125-25-205218
**Filing Date:** 2025-9
**Character Count:** 6769
**Document Hash:** 065c4e147d691d416fb35cd3fc326987
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-205218.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0001193125-25-205218

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250917

**DATE AS OF CHANGE**: 20250916

**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:** 251318368

**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** 

\*\*PRICING DETAILS\*\* $1.4BN DRIVE 2025-2 Subprime Auto ABS

Joint Lead Bookrunners: Wells Fargo Securities (str), RBC Capital Markets, and Santander US Capital Markets

DE&I Coordinator: Wells Fargo Securities

DE&I Co-managers: Cabrera Capital Markets LLC and R. Seelaus & Co., LLC

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Class | Size($MM) | WAL\* | Moody's/DBRS | E. MTY | L. MTY | BNCH | SPD | YLD% | CPN% | $PRICE |
|  ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ |
|  A-1 | 195.870 | 0.13 | P-1/R-1(H) | 12/15/2025 | 10/15/2026 | I-CRV |  |  |  |  |
|  A-2 | 447.960 | 0.59 | Aaa/AAA | 10/15/2026 | 10/16/2028 | I-CRV | + 56 | 4.338 | 4.290 | 99.99475 |
|  A-3 | 338.890 | 1.47 | Aaa/AAA | 08/16/2027 | 09/15/2032 | I-CRV | + 62 | 4.185 | 4.140 | 99.98737 |
|  B | 214.650 | 2.19 | Aaa/AA | 03/15/2028 | 09/15/2032 | I-CRV | + 68 | 4.183 | 4.140 | 99.98549 |
|  C | 180.120 | 2.78 | Aa3/A | 10/16/2028 | 09/15/2032 | I-CRV | + 95 | 4.433 | 4.390 | 99.99332 |
|  D | 218.380 | 3.54 | Baa2/BBB | 09/17/2029 | 12/15/2032 | I-CRV | + 145 | 4.956 | 4.900 | 99.98206 |
|  ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ | ============================================================================================================ |

---

\*1.75% ABS to 5.00% Clean-Up Call

-TRANSACTION SUMMARY-

Offered Size: $1.4BN

Format: SEC Registered

ERISA: Yes

Min Denoms: $1k x $1k

Expected Ratings: Moody's / DBRS

Ticker: DRIVE 2025-2

First Interest Payment: 10/15/2025

Exp. Settle: 09/24/2025

B&D: Wells Fargo Securities

-MARKETING MATERIALS-

Preliminary Prospectus: Attached

FWP: Attached

Intex CDI: Attached

Intexnet Deal Name: wsdrive202502 \| Password: KKBA

Dealroadshow: https://dealroadshow.com \| Code: DRIVE20252

Dealroadshow Direct Link: https://dealroadshow.com/e/DRIVE20252

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC,(ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-645-3751 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/ged5. In Asia, see: https://www.wellsfargo.com/com/disclaimer/ap4. This communication will be retained and may be monitored.