Mail Stop 3561

      July 17, 2006


Geri Brewster, Esq.
c/o Toyota Financial Services
19001 South Western Avenue
Torrance, California  90509

      Re:	Toyota Motor Credit Corporation
      	Toyota Auto Finance Receivables LLC
      	Registration Statement on Form S-3
      	File No. 333-134443; Amendment No. 2
      	Filed July 13, 2006

Dear Ms. Brewster,

      We have limited our review of your filing for compliance
with
Regulation AB.  Please note that our limited review covers only
those
issues addressed in the comments below.  Please also note that our
comments to the base prospectus and the supplement should be
applied
universally, if applicable.

      Where indicated, we think you should revise your document in
response to these comments.  If you disagree, we will consider
your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
supplemental information so that we can better understand your
disclosure.  After reviewing this information, we may raise
additional comments.

      The purpose of our review process is to assist you in your
compliance with the applicable disclosure requirements and to
enhance
the overall disclosure in your filing.  We look forward to working
with you in these respects and welcome any questions you may have
about our comments or on any other aspect of our review.  Feel
free
to call us at the telephone numbers listed at the end of this
letter.

Registration Statement on Form S-3

Credit and Cash Flow Enhancement, page 7
Credit and Cash Flow Enhancement, page 61
While we note your revisions to our prior comment 2, please
further
revise your disclosure to specify the "swap transactions" to which
you refer on pages 8, 61 and 64.  Clarify that these transactions
are
limited to interest rate or currency agreements, or otherwise
advise
us how the anticipated agreements would meet the definition of an
asset backed security.  Please refer to Section III.A.2.a of SEC
Release No. 33-8518 and to Item 1115 of Regulation AB for a
description of permissible derivative products.

*	*	*	*	*


      As appropriate, please amend your registration statement in
response to these comments.  You may wish to provide us with
marked
copies of the amendment to expedite our review.  Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested information.  Detailed cover
letters greatly facilitate our review.  Please understand that we
may
have additional comments after reviewing your amendment and
responses
to our comments.

      We will consider a written request for acceleration of the
effective date of the registration statement as a confirmation of
the
fact that those requesting acceleration are aware of their
respective
responsibilities under the Securities Act of 1933 and the
Securities
Exchange Act of 1934 as they relate to the proposed public
offering
of the securities specified in the above registration statement.
We
will act on the request and, pursuant to delegated authority,
grant
acceleration of the effective date.

      We direct your attention to Rule 461 regarding requesting
acceleration of a registration statement.  Please allow adequate
time
after the filing of any amendment for further review before
submitting a request for acceleration.  Please provide this
request
at least two business days in advance of the requested effective
date.

	If you have any questions regarding these comments, you may
contact me at (202) 551-3315.


								Sincerely,


								Hanna T. Teshome
								Special Counsel


cc:	Via Facsimile
	Reed D. Auerbach, Esq.
	McKee Nelson LLP
	(917) 777-4299



Toyota Motor Credit Corporation
July 17, 2006
Page 1