Material Event Form 8 K

Item 8.01. Other Events.

The Registrant is filing the exhibits listed in Item 9.01(d) below in connection with the issuance of Class A-2 Auto Loan Asset Backed Notes (the "Class A-2 Notes"), Class A-3 Auto Loan Asset Backed Notes (the "Class A-3 Notes"), Class B Auto Loan Asset Backed Notes (the "Class B Notes"), Class C Auto Loan Asset Backed Notes (the "Class C Notes"), Class D Auto Loan Asset Backed Notes (the "Class D Notes" and, together with the Class A-2 Notes, Class A-3 Notes, Class B Notes and Class C Notes the "Publicly Registered Notes") and Class A-1 Auto Loan Asset Backed Notes by Santander Drive Auto Receivables Trust 2024-5 described in the Prospectus dated October 16, 2024.

This Current Report on Form 8-K is being filed in connection with the issuance of the Publicly Registered Notes to satisfy an undertaking to file unqualified legality and tax opinions at the time of each takedown from the Registration Statement. Copies of the legality and tax opinions delivered by Mayer Brown LLP, counsel to the Registrant, in connection with the issuance of the Publicly Registered Notes are attached hereto as Exhibits 5.1 and 8.1, respectively.