Santander Consumer USA plans to bring to market $846 million of asset-backed securities backed by a pool of fixed-rate new and used automobile, light-truck and utility vehicle loans.

Fitch Ratings assigned preliminary ratings to the deal, Santander Drive Auto Receivables Trust (SDART) 2013-3. The capital structure includes a $126 million money market tranche; $270 million of ‘AAA’, A-2 notes;  $151 million of ‘AAA’ , A-3 notes; $90.4 million of ‘AA’ rated notes; $111.3 million of ‘A’ rated notes; $51 million of ‘BBB’ notes; and $46.4 million of ‘B’ notes.

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