Dated January 19, 2007
Filed Pursuant to Rule 433
Registration Statement No. 333-132201

3 NC 1-year US MTN Note
Final Terms and Conditions

Summary Terms

Issuer:Toyota Motor Credit Corporation ("TMCC") (Aaa/AAA)

Underwriter:Deutsche Bank Securities Inc. ("DBSI")

Documentation:US MTN Program

Denominations:10,000 x 1,000

Launch Date:January 19, 2007

Settlement Date:January 26, 2007

Maturity Date:January 28, 2010

Issue Size:USD 100,000,000 (may be increased prior to Settlement Date)

Issue Price:100.00%

Proceeds:100.00% (100% of issue size equals USD 100,000,000)

Re-offer Price:100.00%

Coupon:5.375%

Payment Dates:Interest on the Notes will be payable on July 28, 2007 and
              semi-annually thereafter on January 28 and July 28

Call Feature:The Notes will be callable in whole at par on
             January 28, 2008 and semi-annually thereafter on
             July 28 and January 28

Call Notification:10 calendar days notification on the Notes

Daycount Fraction:30 / 360, following unadjusted

Governing Law:New York

CUSIP:89233PB70

Business Days:New York

The issuer has filed a registration statement (including a prospectus) with the
Securities and Exchange Commission 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 Securities and
Exchange Commission for more complete information about the issuer and this
offering. You may get these documents for free by visiting EDGAR on the Web
site of the Securities and Exchange Commission at www.sec.gov. Alternatively,
an underwriter or dealer participating in the offering will arrange to send you
the prospectus if you request it by calling toll-free 1-800-503-4611.

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