Rule 424(b)(3)
Registration No. 333-132201

Pricing Supplement dated November 30, 2007
(To Prospectus dated March 7, 2006
and Prospectus Supplement dated March 7, 2006)

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

Capitalized terms used in this Pricing Supplement that are defined
in the Prospectus Supplement shall have the meanings assigned
to them in the Prospectus Supplement.

CUSIP: 89233PN77

Principal Amount (in Specified Currency): $30,000,000.
TMCC may increase the Principal Amount prior to the
Original Issue Date but is not required to do so.

Issue Price: 100%

Trade Date: November 30, 2007
Original Issue Date: December 6, 2007
Stated Maturity Date: December 6, 2010

Interest Rate: 4.30% per annum
Interest Payment Dates: Semi-annually on each June 6
and December 6, commencing June 6, 2008

Net Proceeds to Issuer: 100.0%
Agent's Discount or Commission: 0.0%.  The Agent or
its affiliate will enter into swap transactions
with TMCC to hedge TMCC's obligations under the
Notes.

Agent: Merrill Lynch, Pierce, Fenner & Smith Incorporated
Agent's Capacity:
	[ ] Agent
	[X] Principal

Day Count Convention:
	[X]  30/360
	[ ]  Actual/360
	[ ]  Actual/Actual
Business Day Convention:  Following, unadjusted

Redemption: The Notes are subject to redemption by
TMCC, in whole, but not in part, at par on the
Redemption Dates and subject to the Notice of
Redemption stated below.

Redemption Dates: June 6, 2008 and each Interest
Payment Date thereafter

Notice of Redemption: The redemption of the Notes is
subject to not less than 10 calendar days' prior notice

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

Original Issue Discount:	 No
Yield to Maturity:
Initial Accrual Period:

Specified Currency: 	U.S. dollars
Minimum Denominations: 	$100,000 and $1,000 increments thereafter
Form of Note:
	[X] Book-entry only
	[ ] Certificated