Filed Pursuant to Rule 433
Dated January 25, 2007
Registration Statement No. 333-132201

TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Notes, Series B - Fixed Rate

CUSIP: 89233PC20

Principal Amount (in Specified Currency): $27,000,000
Issue Price: 100%
Trade Date: January 25, 2007
Original Issue Date: January 30, 2007
Stated Maturity Date: February 1, 2008

Interest Rate: 5.35% per annum
Interest Payment Dates: August 1, 2007 and at Maturity

Net Proceeds to Issuer: 99.85%
Agent's Discount or Commission: 0.15%
Agent: Toyota Financial Services Securities USA Corporation
Agent's Capacity:
	[X ] Agent
	[ ] Principal

Day Count Convention:
	[X]  30/360
	[ ]  Actual/360
	[ ]  Actual/Actual

Redemption: Not Applicable
Redemption Dates:
Notice of Redemption:

Repayment: Not Applicable
Optional Repayment Date(s):
Repayment Price:




Original Issue Discount:	 No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:

Specified Currency: U.S. dollars
Minimum Denominations: $1,000 and $1,000 increments thereafter
Form of Note:
	[X] Book-entry only
	[ ] Certificated

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
will arrange to send you the prospectus if you request it by calling toll
free at 1-800-292-1147.