424B3 1 rmtn15456.txt Filed under Rule 424 (b)(3), File No. 333-132201 Pricing Supplement No. 18 - dated 08/14/2006 (To prospectus dated 03/07/2006 and prospectus supplement dated 03/30/2006) Toyota Motor Credit Corporation =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240ACF5 100% 0.625% 99.375% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.300% Monthly 09/21/2009 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of each month commencing 10/20/2006, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 09/20/2007 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. -------------------------------------------------------------------- =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240ACG3 100% 1.000% 99.000% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.500% Quarterly 09/20/2011 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of each December, March, June, and September commencing 12/20/2006, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 09/20/2007 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ------------------------------------------------------------------- ==================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240ACH1 100% 1.500% 98.500% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.800% Monthly 09/20/2016 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of each month commencing 10/20/2006, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 09/20/2008 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ------------------------------------------------------------------- ==================================================================== Toyota Motor Credit Corporation 19001 S. Western Ave Torrance, California 90509 Trade Date: 08/18/2006 Issue Date: 08/23/2006 Minimum Denominations/Increments: $1,000/$1,000 Original Issue Discount: No Form: Book-entry All trades settle without accrued interest and clear SDFS: DTC Book- entry only Merrill Lynch DTC Participant Number: 161 (1) Expressed as a percentage of the minimum denomination Merrill Lynch & Co. Purchasing Agent Acting as Principal =======================================================================