Filed Pursuant to Rule 433
Dated April 25, 2007
Registration Statement No. 333-132201
Toyota Motor Credit Corporation ("TMCC")
30 NC 1-year Zero Coupon Note
Final Terms and Conditions

April 25, 2007

Summary Terms of Note

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:
April 25, 2007

Settlement Date:
May 4, 2007

Maturity Date:
May 5, 2037

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

Re-offer Price:
13.64551345%

All-in Price:
13.64551345%

Gross Proceeds:
$13,645,513.45

Coupon:
0%

Accretion Rate:
6.75% Accretion Yield, Compounded Semi-Annually, 30/360.  Paid at the earlier
of the Call Date or Maturity Date

Call Date and Prices:
The Notes will be callable on May 5, 2008 and semi-annually thereafter on
November 5 and May 5.  Price determined in accordance with Accretion Factors
set forth in Attachment I

Call Notification:
10 calendar days notification on the Notes

Daycount Fraction:
30 / 360, following unadjusted

Governing Law:
New York

CUSIP:
89233PE77

Business Days:
New York

Attachment I. Accretion Schedule

Price:
13.64551345%

Face Amount:
$100,000,000

Accretion Yield:
6.75%

Date			Price
05/04/07		13.64551345%
11/05/07		14.10860806%
05/05/08		14.58477358%
11/05/08		15.07700969%
05/05/09		15.58585877%
11/05/09		16.11188150%
05/05/10		16.65565750%
11/05/10		17.21778595%
05/05/11		17.79888622%
11/05/11		18.39959863%
05/05/12		19.02058508%
11/05/12		19.66252983%
05/05/13		20.32614021%
11/05/13		21.01214745%
05/05/14		21.72130742%
11/05/14		22.45440155%
05/05/15		23.21223760%
11/05/15		23.99565062%
05/05/16		24.80550383%
11/05/16		25.64268958%
05/05/17		26.50813035%
11/05/17		27.40277975%
05/05/18		28.32762357%
11/05/18		29.28368087%
05/05/19		30.27200510%
11/05/19		31.29368527%
05/05/20		32.34984714%
11/05/20		33.44165449%
05/05/21		34.57031032%
11/05/21		35.73705830%
05/05/22		36.94318402%
11/05/22		38.19001648%
05/05/23		39.47892953%
11/05/23		40.81134340%
05/05/24		42.18872624%
11/05/24		43.61259575%

Attachment I. Accretion Schedule (continued)

Date			Price
05/05/25		45.08452086%
11/05/25		46.60612344%
05/05/26		48.17908011%
11/05/26		49.80512406%
05/05/27		51.48604700%
11/05/27		53.22370108%
05/05/28		55.02000100%
11/05/28		56.87692603%
05/05/29		58.79652228%
11/05/29		60.78090491%
05/05/30		62.83226045%
11/05/30		64.95284924%
05/05/31		67.14500790%
11/05/31		69.41115192%
05/05/32		71.75377830%
11/05/32		74.17546831%
05/05/33		76.67889037%
11/05/33		79.26680292%
05/05/34		81.94205752%
11/05/34		84.70760196%
05/05/35		87.56648352%
11/05/35		90.52185234%
05/05/36		93.57696486%
11/05/36		96.73518742%
05/05/37		100.0000000%


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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