FWP 1 mtn674fwp.txt Filed pursuant to Rule 433 Registration No. 333-132201 Dated April 26, 2006 Toyota Motor Credit Corporation Medium Term Notes, Series B Trade Date: April 26, 2006 Principal Amount: 210,000,000.00 Purchase Price to Agent: 99.99 Agents Commission: $21,000.00 Issuer Proceeds: $209,979,000 Price to Investors: 100 Settlement Date: April 28, 2006 Maturity Date: April 30, 2007 Interest Rate Basis: Actual/360 Business Day: New York Day Count Convention: Following Adjusted Coupon: Fed Funds Effective Same Day + 4bps Interest Payment Dates: Coupon pays quarterly, on the 28th day, beginning July 28, 2006 and final payment on April 30, 2007. Interest Reset Dates: Each Business Day Interest Determination Date: The Interest Determination Date with respect to the Notes will be the same Business Day as the related Interest Reset Date; and the Interest Rate to be used for the two Business Days immediately prior to each Interest Payment Date (including the date of the Maturity) will be the Interest Rate in effect on the second Business Day preceding such Interest Payment Date. Agent: Loop Capital Markets LLC DTC: 0158 Cusip: 89233PYH3 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 the 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 toll-free 1-888-294-8898.