UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) ~~September~~December 2031, 2017

SANTANDER DRIVE AUTO RECEIVABLES TRUST 2017-3

(Exact Name of Issuing Entity as Specified in its Charter)

Commission File Number of Issuing Entity: 333-206684-06

Central Index Key Number of Issuing Entity: 0001710916

SANTANDER DRIVE AUTO RECEIVABLES LLC

(Exact Name of Depositor as Specified in its Charter)

Commission File Number of Depositor: 333-206684

Central Index Key Number of Depositor: 0001383094

SANTANDER CONSUMER USA INC.

(Exact Name of Sponsor as Specified in its Charter)

Central Index Key Number of Sponsor: 0001540151

Delaware		35-7177752
(State or Other Jurisdiction of Incorporation of Registrant)		(Issuing Entity’s I.R.S. Employer Identification No.)
Santander Drive Auto Receivables LLC 1601 Elm Street, Suite 800 Dallas, Texas		75201
(Address of Principal Executive Offices of Registrant)		(Zip Code)

Delaware

(State or Other Jurisdiction of Incorporation of Registrant)

35-7177752

(Issuing Entity’s I.R.S. Employer Identification No.)

Santander Drive Auto Receivables LLC

1601 Elm Street, Suite 800

Dallas, Texas

75201

(Address of Principal Executive Offices of Registrant)

(Zip Code)

(214) 292-1930

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.0102. ~~Entry~~Termination ~~into~~of a Material Definitive Agreement.

~~Santander~~Under ~~Consumer~~the ~~USA~~Sale ~~Inc.~~and ~~(“SC”) entered into a~~ Servicing Agreement, dated as ~~of July~~September 1520, ~~2016 (the “Subservicing Agreement”)~~2017, ~~and~~by ~~a related Second Amended~~ and ~~Restated~~among ~~Program~~Santander ~~Portfolio~~Drive ~~Schedule~~Auto ~~(Publicly~~Receivables ~~Registered~~Trust ~~Retail Transactions), dated as of June 28,~~ 2017-3 (the “~~Program~~Issuing ~~Portfolio Schedule~~Entity”), ~~with~~ Santander Consumer ~~International~~USA ~~Puerto~~Inc. ~~Rico LLC~~ (~~the~~ “~~Subservicer~~SC”), ~~pursuant~~Santander toDrive ~~which~~Auto SCReceivables ~~delegated~~LLC toand ~~the~~Wells ~~Subservicer~~Fargo ~~certain~~Bank, ofNational ~~its~~Association, ~~duties~~ as ~~servicer~~Indenture ~~with~~Trustee, ~~respect~~SC toacts ~~each~~as ~~portfolio~~the ofservicer for ~~receivables that constitutes a “Program Portfolio” under~~ the ~~Subservicing~~Issuing ~~Agreement~~Entity.

OnUnder ~~September 20, 2017 (~~the ~~“Closing~~Servicing ~~Date”), SC and Santander Drive Auto Receivables LLC (“Santander Drive”) entered into a Purchase~~ Agreement, dated as of the Closing Date (the “Purchase Agreement”), pursuant to which SC transferred to Santander Drive certain motor vehicle retail installment sales contracts and installment loans relating to certain new and used automobiles, light-duty trucks and vans (the “Receivables”) and related property. Santander Drive Auto Receivables Trust 2017-3 (the “Issuer”), a Delaware statutory trust, was established by a Trust Agreement dated as of JuneJuly 15, ~~2017,~~2016 ~~which was amended and restated by an Amended and Restated Trust Agreement dated as of the Closing Date~~ (the “~~Amended~~Servicing ~~and Restated Trust~~ Agreement”), by and between ~~Santander Drive and Wilmington Trust, National~~SC ~~Association, as owner trustee. On the Closing Date, the Issuer entered into a Sale~~ and ~~Servicing~~Santander ~~Agreement,~~Consumer ~~dated~~International asPuerto ofRico ~~the~~LLC ~~Closing Date~~ (~~the~~ “~~Sale and Servicing Agreement~~SCI”), ~~with Santander Drive, as seller, SC, as servicer,~~ and ~~Wells Fargo Bank, National Association, as indenture trustee (~~the ~~“Indenture Trustee”), pursuant to which the Receivables and~~ related ~~property~~Program ~~were~~Portfolio ~~transferred~~Schedule to (the ~~Issuer and pursuant to which SC agreed to act as servicer for the Receivables, which constitute a~~ Program Portfolio. OnSchedule, ~~the~~together ~~Closing~~with ~~Date,~~ the ~~Issuer,~~Servicing ~~SC, as sponsor and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer, entered into an Asset Representations Review~~ Agreement, ~~dated as of~~ the ~~Closing~~ ~~Date (the~~ “~~Asset~~Subservicing ~~Representations Review~~ Agreement”), ~~relating~~SCI ~~to the review of certain representations relating to the Receivables after satisfaction of certain conditions. Also~~managed, ~~on the Closing Date, the Issuer entered into an~~ ~~Indenture~~serviced, ~~dated as of the Closing Date (the “Indenture”)~~collected, ~~by and between the Issuer and the Indenture Trustee. Pursuant to the Indenture~~enforced, ~~the~~administered Issuer caused the issuance of the following notes: the Class A-1 1.40000% Auto Loan Asset Backed Notes, the Class A-2 1.67% Auto Loan Asset Backed Notes, the Class A-3 1.87% Auto Loan Asset Backed Notes, the Class B 2.19% Auto Loan Asset Backed Notes, the Class C 2.76% Auto Loan Asset Backed Notes and ~~the~~provided ~~Class~~other Dservices ~~3.20% Auto Loan Asset Backed Notes (collectively, the “Publicly Registered Notes”) and the Class E 4.97% Auto Loan Asset Backed Notes (the “Class E Notes” and, collectively~~ with ~~the~~respect ~~Publicly Registered Notes, the “Notes”). Also pursuant~~ to ~~the~~each ~~Indenture,~~receivable ~~the~~held Issuer granted a security interest in the Receivables and other related property to secure the Notes. Also on the Closing Date, the Issuer, SC, as administrator, and the Indenture Trustee entered into an Administration Agreement, dated as of the Closing Date (the “Administration Agreement”), relating to the provision by ~~SC of certain administration services on behalf of~~ the ~~Issuer~~Issuing ~~relating~~Entity tothat ~~the~~was ~~Notes.~~a ~~The~~Performing ~~Publicly~~Loan ~~Registered Notes were sold to Barclays Capital Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, HSBC Securities~~ (USA) Inc., Santander Investment Securities Inc. and SG Americas Securities, LLC (together, the “Underwriters”) pursuant to an Underwriting Agreement dated September 13, 2017, by and among SC, Santander Drive and Barclays Capital Inc., on behalf of itself and as ~~representative~~defined ofin the ~~Underwriters.~~Subservicing ~~The Publicly Registered Notes have been registered pursuant to the Securities Act of 1933, as amended (the “Act”~~Agreement)~~, under a Registration Statement on Form SF-3 (Commission File No~~. ~~333-206684).~~

~~Attached~~The asSubservicing ~~Exhibit 4.1 is the Indenture, as Exhibit 10.1 is the Purchase~~ Agreement, aswas ~~Exhibit 10.2~~filed isby the ~~Sale~~Issuing ~~and~~Entity ~~Servicing~~on ~~Agreement,~~Form as8-K ~~Exhibit~~on ~~10.3 is the Administration Agreement~~September 21, ~~as Exhibit 10~~2017.~~4 is the Amended and Restated Trust Agreement, as Exhibit 10.5 is the Asset Representations Review Agreement, as Exhibit 99.1 is the~~ ~~Subservicing Agreement and as Exhibit 99.2 is the Program Portfolio Schedule.~~

Pursuant to the written agreement of SC and SCI, the Subservicing Agreement was terminated effective on December 31, 2017 at 11:59 p.m.

Item 6.02. Change of Servicer or Trustee.

SCI has been terminated as a servicer in connection with the termination of the Subservicing Agreement as described above in Item 1.02.

Item 9.01. Financial Statements and Exhibits.

(a) Not applicable. ~~(b) Not applicable. (c) Not applicable. (d) Exhibits.~~

Exhibit No.		Document Description
4.1		Indenture, dated as of September 20, 2017, between the Issuer and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee”).
10.1		Purchase Agreement, dated as of September 20, 2017, between SC and Santander Drive.
10.2		Sale and Servicing Agreement, dated as of September 20, 2017, among the Issuer, Santander Drive, SC and the Indenture Trustee.
10.3		Administration Agreement, dated as of September 20, 2017, among the Issuer, SC, as administrator, and the Indenture Trustee.
10.4		Amended and Restated Trust Agreement, dated as of September 20, 2017, between Santander Drive and Wilmington Trust, National Association, not in its individual capacity but solely as owner trustee for the Issuer.
10.5		Asset Representations Review Agreement, dated as of September 20, 2017, among the Issuer, SC, as sponsor and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer.
99.1		Servicing Agreement, dated as of July 15, 2016, by and between SC and the Subservicer.
99.2		Second Amended and Restated Program Portfolio Schedule (Publicly Registered Retail Transactions), dated as of June 28, 2017, by and between SC and the Subservicer.

(b)	Not applicable.

(c)	Not applicable.

(d)

Exhibits.

None.

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 hereunto duly authorized.

September 21, 2017

SANTANDER DRIVE AUTO RECEIVABLES LLC

January 5, 2018

SANTANDER DRIVE AUTO RECEIVABLES LLC

/s/ ~~Corey~~Andrew ~~Henry~~Kang

~~Corey~~Andrew ~~Henry~~Kang

~~Vice~~ President and Chief Executive Officer

Filing Compare · Santander Drive Auto Receivables Trust 2017-3