Dated April 17, 2007

Filed Pursuant to Rule 433

Registration Statement No. 333-132201


Toyota Motor Credit Corporation

Structure:
18 month MTN FRN

Pricing Date
April 17, 2007

Interest Accrual Date:
April 20, 2007

Settlement Date (T+3):
April 20, 2007

Maturity Date:
October 20, 2008

Ratings:
Aaa/AAA

Cusip:
89233PE28

Form of Note:
Registered MTN

Bond Transaction Details


Principal Amount:
$100,000,000

Pricing Benchmark:
Prime Rate

Reoffer Yield:
Prime - 294 bps

Reoffer Price:
100.000%

Gross Underwriting Spread:
0.030%

All-in Price to Issuer:
99.970%

Net Proceeds:
$99,970,000

Interest Reset:
Daily, each business day; the rate in effect on the second
business day preceding each Interest Payment Date will be
the rate in effect for the two business days prior to the
Interest Payment Date

Interest Pay Frequency:
Quarterly

First Payment Date:
July 20, 2007

Interest Payment Dates:
The 20th day of January, April, July, and October; final payment on
October 20, 2008

Day Count:
Actual / 360

Day Count Convention:
Following, adjusted

Payment Days for Payment
and Reset:
New York

Determination Date:
Daily, each business day

Law:
New York

Minimum Denominations:
$1,000

Agent:
Wachovia Capital Markets, LLC

DTC Number:
250

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 1-800-326-5897.

Any disclaimer or other notice that may appear below is not applicable to
this communication and should be disregarded.  Such disclaimer or notice was
automatically generated as a result of this communication being sent by
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