UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

Distribution Report Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

For the monthly distribution period from ~~September~~ October 1, 2016 to ~~September 30~~October 31, 2016

Commission File Number of issuing entity: 333-180147-02

Central Index Key Number of issuing entity: 0001554933

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2012-5

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-180147

Central Index Key Number of depositor: 0001383094

SANTANDER DRIVE AUTO RECEIVABLES LLC

(Exact name of depositor as specified in its charter)

Mark McCastlain, Phone: 214-292-2709

(Name and telephone number, including area code, of the person to contact in connection with this filing)

Central Index Key Number of sponsor: 0001540151

SANTANDER CONSUMER USA INC.

(Exact name of sponsor as specified in its charter)

Delaware

(State or other jurisdiction of incorporation or organization of the issuing entity)

1601 Elm Street

Suite 800

Dallas, Texas 75201

(Address of principal executive offices of issuing entity)

(214) 292-1930

(Telephone number, including area code)

32-6245121

(I.R.S. Employer Identification No.)

N/A

(Former name, former address, if changed since last report)

Each class of Notes to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934. The title of each class of Notes to which this report on Form 10-D relates is set forth in Exhibit 99.1 hereto.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

PART I – DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

Response to Item 1 is set forth in Exhibit 99.1

Item 1A. Asset-Level Information

Not applicable

Item 1B. Asset Representations Reviewer and Investor Communication.

Not applicable

PART II – OTHER INFORMATION

Item 2. Legal Proceedings.

None

Item 3. Sales of Securities and Use of Proceeds.

None

Item 4. Defaults Upon Senior Securities.

None

Item 5. Submission of Matters to a Vote of Security Holders.

None

Item 6. Significant Obligors of Pool Assets.

None

Item 7. Change in Sponsor Interest in the Securities

None

Item 8. Significant Enhancement Provider Information.

None

Item 9. Other Information.

OnIn ~~September~~October ~~19,~~ 2016, Santander Consumer ~~USA~~ Holdings USA Inc. (“SC Holdings”) ~~determined~~filed ~~that~~amendments ~~its~~to certain periodic reports previously filed with the SEC for the years ended December 31, 2015, 2014, and 2013, including restatements of previously issued audited financial statements for the years ended December 31, 2015, 2014 and 2013, and previously issued unaudited financial statements contained in its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016, 2015 and 2014, June 30, 2015 and 2014 and September 30, 2015 and 2014 should no longer be relied on and should be restated due to certain errors identified in such financial statements relating to (i) SC Holdings’ methodology for accreting dealer discounts, subvention payments from manufacturers, and capitalized origination costs; (ii) SC Holdings’ lack of consideration of net discounts when estimating the allowance for credit losses and (iii) the discount rate used in determining the impairment for loans accounted for as troubled debt restructurings. SC Holdings ~~believes~~also ~~the~~filed ~~correction of such errors in~~ its ~~financial~~delinquent ~~statements~~Quarterly ~~will~~Report ~~impact~~on ~~certain~~Form ~~previously~~10-Q ~~reported income statement and balance sheet items~~ for the ~~affected periods referenced above.~~ SCquarter ~~Holdings~~ended ~~expects~~June ~~to file amendments to the relevant filings to correct such errors. SC Holdings has reviewed all critical relationships and does not foresee a material interruption in~~30, ~~or change to, normal business activities related to the delayed and amended filings~~2016. ~~The financial statement errors relate to non-cash items and have no material impact on net cash from operating activities, investing activities or financing activities.~~

SC Holdings has reviewed all critical relationships and does not foresee a material interruption in, or change to, normal business activities related to the delayed and amended filings. The financial statement errors corrected in the restatement related to non-cash items and had no material impact on net cash from operating activities, investing activities or financing activities.

Additional information about SC Holdings, including information contained in required annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, is on file with the SEC under the name “Santander Consumer USA Holdings Inc.” and file number 001-36270.

Item 10. Exhibits

(a)	The following is a list of documents filed as part of this Report on Form 10-D:

Exhibit 99.1 Monthly Servicer’s Certificate dated ~~October 6~~November 7, 2016

(b)	The exhibits required to be filed by the Registrant pursuant to Item 601 of Regulation S-K (17 CFR 229.601) are listed above and in the Exhibit Index that immediately follows the signature page hereof.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: October 6, 2016
Dated: November 7, 2016
	SANTANDER DRIVE AUTO RECEIVABLES TRUST 2012-5	~~SANTANDER DRIVE AUTO RECEIVABLES TRUST 2012-5~~
	(Issuing Entity)	~~(Issuing Entity)~~
	By: SANTANDER CONSUMER USA INC.	~~By: SANTANDER CONSUMER USA INC.~~
	(Servicer)	~~(Servicer)~~
	By:	~~By:~~/s/ Jennifer M. Davis	~~/s/ Jennifer M. Davis~~
		Name: Jennifer M. Davis
	Name:	Jennifer M. Davis
		Title: Deputy CFO
	Title:	Deputy CFO

EXHIBIT INDEX

Exhibit No.		Description
99.1		Monthly Servicer’s Certificate dated ~~October~~November 67, 2016

Filing Compare · Santander Drive Auto Receivables Trust 2012-5