Filed pursuant to Rule 433
Registration No. 333-132201
Dated April 21, 2006

FLOATING RATE MEDIUM TERM NOTE FINAL TERM SHEET

ISSUER:				TOYOTA MOTOR CREDIT (AAA/AAA)
SIZE:		 		$100,000,000
TRADE DATE:		 	4/20/06	(upsized 4/21/06)
SETTLEMENT DATE:		4/25/06
MATURITY DATE:			4/26/07
COUPON:				3MONTH T-BILL +24
FLOATING RATE REFIX:		Telerate Page 56 (3MO T-BILL INVESTMENT RATE)
INTEREST RATE RESET PERIOD:	WEEKLY, ON THE BUSINESS DAY FOLLOWING EACH
                                TREASURY BILL AUCTION
INTEREST DETERMINATION DATE:	RATE WILL BE THE SIMPLE WEEKLY UN-WEIGHTED
                                AVERAGE OF RATES IN PERIOD
				***The Interest Rate to be used for the two
                                Business Days immediately prior to each
				Interest.  Payment Date (including the Date
                                of Maturity) will be the Interest Rate in
                                effect of the Second Business Day preceding
                                such Interest Payment Dates and the Date
				of Maturity. The Interest Reset Date (including
                                the Initial Interest Reset Date) shall be on
				the Tuesday of each week (except as otherwise
                                specified in the Prospectus Supplement).

PAYMENT FREQUENCY:		QUARTERLY
COUPON PAYMENT DATES:		QUARTERLY ON THE 26TH OF OR NEXT GOOD BUSINESS
                                DAY OF JULY, OCTOBER, JANUARY, & APRIL USING
                                THE MODIFIED FOLLOWING ADJUSTED BUSINESS DAY
                                CONVENTION
INITIAL PAYMENT DATE:		7/26/06
DAYCOUNT:			ACT/ACT
PRICE TO INVESTOR:		PAR
PROCEEDS TO ISSUER:		$99,990,000   ($99.99)
DELIVERY:			DTC # 187
DENOMINATIONS:			$1,000 X $1,000
CUSIP:				89233PYE0
UNDERWRITER:			J.P. MORGAN SECURITIES INC.




The issuer has filed a registration statement (including a prospectus) with the
SEC for the offering to which this communication relates.  Before you invest,
you should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete information
about the issuer and this offering.  You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the
issuer, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus if you request it by calling collect
1-212-834-4533.