424B3 1 rmtn334335.txt Filed under Rule 424 (b)(3), File No. 333-132201 Pricing Supplement No. 88 - dated 3/3/2008 (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) =================================================================== 89240AKT6 100% 1.200% 98.800% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 4.150% Semi-Annual 09/21/2015 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of March and September of each year commencing 09/20/2008, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 3/20/2009 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) =================================================================== 89240AKU3 100% 1.400% 98.600% ------------------------------------------------------------------- =================================================================== Interest Interest Stated Rate Per Payment Maturity Survivor's Annum Frequency Date Option =================================================================== 4.500% Semi-Annual 09/20/2017 Yes ------------------------------------------------------------------- Medium-Term Note, Series B - TMCC CoreNotes - Fixed Rate. ------------------------------------------------------------------- Interest Payment Dates: The 20th day of March and September of each year commencing 09/20/2008, and at Maturity. Redemption Information: Redeemable in whole at the option of Toyota Motor Credit Corporation on 3/20/2009 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. ==================================================================== Toyota Motor Credit Corporation 19001 S. Western Ave Torrance, California 90509 Trade Date: 3/07/2008 Issue Date: 3/12/2008 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 =======================================================================