Pricing Supplement dated April 1, 2005                            Rule 424(b)(3)
(To Prospectus dated April 2, 2004 and	                     File No. 333-113680
Prospectus Supplement dated April 2, 2004)

	                    TOYOTA MOTOR CREDIT CORPORATION

                   	Medium-Term Note, Series B - Floating Rate
________________________________________________________________________________
Principal Amount: $100,000,000		     Trade Date: April 1, 2005
Issue Price: 100.00%			     Original Issue Date: April 6, 2005
Initial Interest Rate:  See "Additional      Net Proceeds to Issuer: $99,970,000
Terms of the Notes -- Interest"		     Principal's Discount
Interest Payment Period: Monthly	       or Commission: 0.03%
Stated Maturity Date: October 10, 2006
________________________________________________________________________________

Calculation Agent: Deutsche Bank Trust Company Americas
Interest Calculation:
  [X]  Regular Floating Rate Note	  [ ]  Floating Rate/Fixed Rate Note
  [ ]  Inverse Floating Rate Note	         (Fixed Rate Commencement
              (Fixed Interest Rate): 		  Date):
  [ ]  Other Floating Rate Note			 (Fixed Interest Rate):
              (see attached)

  Interest Rate Basis: [ ]  CD Rate [ ] Commercial Paper Rate [ ] Prime Rate
              [ ]  Eleventh District Cost of Funds Rate  [ ]  Federal Funds Rate
              [X]  LIBOR	[ ]  Treasury Rate     [ ]  Other (see attached)
                            If LIBOR, Designated LIBOR Page:  [ ]  Reuters Page:
                                                        [X]  Telerate Page: 3750

  Initial Interest Reset Date: May 10, 2005        Spread (+/-): -0.06%
  Interest Rate Reset Period: Monthly		   Spread Multiplier:  N/A
  Interest Reset Dates: the 10th of each	   Maximum Interest Rate: N/A
     calendar month, commencing May 10, 2005
  Interest Payment Dates: the 10th of each	   Minimum Interest Rate:  N/A
     calendar month, commencing May 10, 2005	   Index Maturity: 1 month
  						   Index Currency:  U.S. dollars

Day Count Convention:
  [ ]  30/360 for the period from       to
  [X]  Actual/360 for the period from April 6, 2005 to October 10, 2006
  [ ]  Other (see attached)

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: N/A
       Initial Redemption Percentage: N/A
       Annual Redemption Percentage Reduction: N/A

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



	                   ___________________________

                          Dresdner Kleinwort Wasserstein


                        ADDITIONAL TERMS OF THE NOTES

Interest

          The Initial Interest Rate for the Medium-Term Notes offered by this
pricing supplement will be equal to one month LIBOR determined on April 4, 2005
minus 0.06%.


Plan of Distribution

          Under the terms of and subject to the conditions of an Appointment
Agreement dated March 10, 2005 and an Appointment Agreement Confirmation dated
April 1, 2005 (collectively, the "Agreement") between TMCC and Dresdner
Kleinwort Wasserstein Securities LLC ("Dresdner"), Dresdner, acting as
principal, has agreed to purchase and TMCC has agreed to sell the Notes at
99.97% of their principal amount. Dresdner may resell the Notes to one or more
investors or to one or more broker-dealers (acting as principal for the
purposes of resale) at a price equal to 100% of their principal amount.

		Under the terms and conditions of the Agreement, Dresdner is
committed to take and pay for all of the Notes offered hereby if any are taken.