424B3 1 rmtn2686970.txt Filed under Rule 424 (b)(3), File No. 333-132201 Pricing Supplement No. 59 - dated 07/09/2007 (To prospectus dated 03/07/2006 and prospectus supplement dated 03/30/2006) Toyota Motor Credit Corporation =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240AGZ7 100% 0.625% 99.375% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.250% Semi-Annual 07/20/2010 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of July and January of each year commencing 1/20/2008, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 07/20/2008 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240AHA1 100% 1.300% 98.700% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 5.750% Semi-Annual 07/20/2015 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of July and January of each year commencing 1/20/2008, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 07/20/2009 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. =================================================================== Purchasing Proceeds CUSIP Price to Agent's Before Number Public(1) Discount(1) Expenses(1) =================================================================== 89240AHB9 100% 2.500% 97.500% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 6.000% Monthly 07/20/2027 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of each month commencing 8/20/2007, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 07/20/2011 and each Interest Payment Date thereafter, at a price equal to 100%, with not less than 30 calendar days' prior notice nor more than 60 calendar days' prior notice. ==================================================================== Toyota Motor Credit Corporation 19001 S. Western Ave Torrance, California 90509 Trade Date: 07/13/2007 Issue Date: 07/18/2007 Minimum Denominations/Increments: $1,000/$1,000 Original Issue Discount: No Form: Book-entry All trades settle without accrued interest and clear SDFS: DTC Book- entry only Merrill Lynch DTC Participant Number: 161 (1) Expressed as a percentage of the minimum denomination Merrill Lynch & Co. Purchasing Agent Acting as Principal =======================================================================