Pricing Supplement dated April 6, 1994 
(To Prospectus dated March 9, 1994 and                             Rule 424 (b)(3)    
Prospectus Supplement dated March 9, 1994)                         File No. 33-52359

                            TOYOTA MOTOR CREDIT CORPORATION

                             Medium-Term Note - Fixed Rate
______________________________________________________________________________________

Principal Amount:  $75,000,000            Trade Date:  April 6, 1994
Issue Price:  100%                        Original Issue Date: April 13, 1994
Interest Rate: 5.70%                      Net Proceeds to Issuer:  $74,889,000
Interest Payment Dates: May 15 and        Principal's Discount or Commission:  0.148%
                      November 15
Stated Maturity Date:   April 15, 1996
______________________________________________________________________________________


Day Count Convention:
     [x]  30/360 for the period from April 13, 1994 to April 15, 1996 
     [ ]  Actual/Actual for the period from          to
     [ ]  Other (see attached)                       to

Redemption:
     [x]  The Notes cannot be redeemed prior to the Stated Maturity Date.
     [ ]  The Notes may be redeemed prior to Stated Maturity Date.
          Initial Redemption Date:
          Initial Redemption Percentage:    %
          Annual Redemption Percentage Reduction:     % until Redemption
          Percentage is 100% of the Principal Amount.

Repayment:
     [x]  The Notes cannot be repaid prior to the Stated Maturity Date.
     [ ]  The Notes can be repaid prior to the Stated Maturity Date at the option of
          the holder of the Notes.
          Optional Repayment Date(s):
          Repayment Price:     %

Currency:
     Specified Currency:  U.S. dollars
          (If other than U.S. dollars, see attached)
     Minimum Denominations:  
          (Applicable only if Specified Currency is other than U.S. dollars)

Original Issue Discount:  [ ]  Yes     [x] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period:

Form:  [x] Book-entry            [ ] Certificated


                              ___________________________

                                 Goldman, Sachs & Co.


                          Additional Terms of the Notes

Plan of Distribution

     Goldman, Sachs & Co., acting as principal, has agreed to purchase and TMCC
has agreed to sell, the Notes at a discount of 0.148%.  Goldman, Sachs & Co.
proposes to offer the Notes directly to purchasers at an initial public offering
price of 100% of the principal amount thereof.  After the Notes are released for
sale to the public, the offering price may from time to time be varied by
Goldman, Sachs & Co.

     Goldman, Sachs & Co. is committed to take and pay for all of the Notes
offered hereby if any are taken.