Filed pursuant to Rule 433
Registration No. 333-132201
Dated April 27, 2006
Final Terms and Conditions
Issuer:

Toyota Motor Credit Corporation
Agent:

Citigroup Global Markets Inc.
Form:

Senior Unsecured Notes
Ratings:

Aaa/AAA
Trade Date:

April 27, 2006
Settlement Date:

May 2, 2006 (T+3)
Maturity Date:

June 16, 2008
Principal:

$300,000,000
Coupon:

Prime (USD-PRIME-H15) - 291 bps (weighted average)
Interest Rate Reset:

Daily, Each New York business day
Rate Cutoff:

2 Business Days
Coupon Payment Dates:

Quarterly on the 16th of March, June, September and December, provided that
if any Interest Payment Date (other than Maturity Date) would otherwise fall
on a day that is not a New York Business Day, then the Interest Payment Date
will be the first following day that is a Business Day, with adjustment for
period end dates on a Following New York Business day Convention.  2
business day rate cut off.
Price to Public:

100.00%
All-in Price:

99.96%
Proceeds:

$299,880,000
First Coupon Date:

September 16, 2006
Day Count Convention:

Actual/360
Citigroup DTC:

#274
CUSIP:

89233PYJ9

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
ther 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 1-800-248-3580.