Filed pursuant to Rule 433
Registration No. 333-132201
Dated 5/2/07


FLOATING RATE MEDIUM TERM NOTE FINAL TERM SHEET

ISSUER:				TOYOTA MOTOR CREDIT CORP
SIZE:		 		$50MM
TRADE DATE:		 	5/2/07
SETTLEMENT DATE:		5/8/07
MATURITY DATE:			5/8/09
COUPON:				PRIME -292 BPS
FLOATING RATE REFIX:		FEDH15
INTEREST RATE RESET FREQUENCY:	DAILY ON A SAME DAY WEIGHTED AVERAGE BASIS
CUT OFF:			2 DAY CUTOFF PRIOR TO PAYMENT DATES
PAYMENT FREQUENCY:		QUARTERLY
COUPON PAYMENT DATES:		QUARTERLY ON THE 8TH OF MAY, AUG., NOV.,
				AND FEB. OR NEXT GOOD BUSINESS DAY USING
				THE FOLLOWING ADJUSTED BUSINESS DAY
				CONVENTION
INITIAL PAYMENT DATE:		8/8/07
DAYCOUNT:			ACT/360
PRICE TO INVESTOR:		PAR
PROCEEDS TO ISSUER:		99.9725%
DELIVERY:			DTC # 187
DENOMINATIONS:			$1,000 X $1,000
CUSIP:				89233PF50
UNDERWRITER:			J.P. MORGAN SECURITIES INC.




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, any underwriter or any dealer participating in
the offering will arrange to send you the prospectus if you request it by
calling collect 1-212-834-4533.


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