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

Pricing Supplement dated February 15, 2008
(To Prospectus dated March 7, 2006
and Prospectus Supplement dated March 7, 2006)

TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Notes, Series B - Floating 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: 89233PS64

Principal Amount (in Specified Currency): $150,000,000.
TMCC may increase the Principal Amount prior to the Original
Issue Date but is not required to do so.

Issue Price: 100%

Trade Date: February 15, 2008

Original Issue Date: February 21, 2008

Stated Maturity Date: March 18, 2009

Initial Interest Rate: The Prime Rate on February 21, 2008 minus 2.79%

Interest Payment Period: Quarterly

Interest Payment Dates: March 18, 2008, June 18, 2008, September 18,
			2008, December 18, 2008 and March 18, 2009

Net Proceeds to Issuer: $149,985,000

Agent's Discount or Commission: 0.01%

Agent: Banc of America Securities LLC

Agent's Capacity:
	[ ] Agent
	[X] Principal

Calculation Agent: Deutsche Bank Trust Company Americas

Interest Calculation:
[X] Regular Floating Rate Note
[ ] Inverse Floating Rate Note
	Fixed Interest Rate:
[ ] Floating Rate/Fixed Rate Note
	Fixed Interest Rate:
	Fixed Rate Commencement Date:
[ ] Other Floating Rate Note (see attached)

Interest Rate Basis:
	[ ] CD Rate
	[ ] CMS Rate
	[ ] CMT Rate
	[ ] Commercial Paper Rate
	[ ] Eleventh District Cost of Funds Rate
	[ ] Federal Funds Rate
	[ ] LIBOR Reuters/Page:
	[ ] LIBOR Telerate/Page:
	[X] Prime Rate
	[ ] Treasury Rate
	[ ] Other (see attached)

If CMT:
Designated CMT Maturity Index:
	__ Year(s)
Designated CMT Telerate Page:
	[ ] 7051
	[ ] 7052
If 7052:
	[ ] Week
	[ ] Month

Spread (+/-): -2.79%

Spread Multiplier: Not Applicable

Index Maturity: Daily

Index Currency: U.S. Dollars

Maximum Interest Rate: Not Applicable
Minimum Interest Rate: Not Applicable

Initial Interest Reset Date: February 22, 2008

Interest Rate Reset Period: Daily

Interest Reset Dates: Each Business Day

Interest Determination Date: The same Business Day as the related
			     Interest Reset Date

Day Count Convention:
	[ ]  30/360
	[X]  Actual/360
	[ ]  Actual/Actual

Business Day Convention
	[X] Following
	[ ] Modified Following

Redemption: Not Applicable
Redemption Date(s):
Notice of Redemption:

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

Original Issue Discount: No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:

Specified Currency: U.S. dollars

Minimum Denominations: $1,000 and $1,000 increments thereafter

Form of Note:
	[X] Book-entry only
	[ ] Certificated


ADDITIONAL TERMS OF THE NOTES

Interest

Notwithstanding anything contained in this Pricing Supplement or
the Prospectus Supplement to the contrary, the Interest Rate to be
used for the two Business Days immediately prior to each Interest
Payment Date (including the Stated Maturity Date) will be the Interest
Rate in effect on the second Business Day preceding such Interest
Payment Date (including the Stated Maturity Date).

Plan of Distribution

Under the terms of and subject to the conditions of an Appointment
Agreement dated September 25, 2007 and an Appointment Agreement
Confirmation dated February 15, 2008 (collectively, the "Agreement")
between TMCC and Banc of America Securities LLC ("BOA"), BOA,
acting as principal, has agreed to purchase and TMCC has agreed to sell
the Notes identified herein. Under the terms and conditions set forth
in the Third Amended and Restated Distribution Agreement dated March 7,
2006, between TMCC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Citigroup Global Markets Inc., Deutsche Bank Securities
Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Morgan
Stanley & Co. Incorporated and Toyota Financial Services Securities USA
Corporation, as amended from time to time, incorporated by reference in
the Appointment Agreement, BOA is committed to take and pay for all of
the Notes offered hereby if any are taken.