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

Pricing Supplement dated April 4, 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: 89233PU87 (reopening)

Principal Amount (in Specified Currency): $50,000,000.  TMCC may increase
the Principal Amount prior to the Original Issue Date but is not required
to do so.

Issue Price: 99.993% (or $49,996,500) plus accrued interest from
	     April 4, 2008

Trade Date: April 4, 2008

Original Issue Date: April 10, 2008

Stated Maturity Date: April 7, 2010

Initial Interest Rate: Three month LIBOR determined on April 2, 2008
		       plus 0.04%

Interest Payment Period: Quarterly

Interest Payment Dates: the 7th of each January, April, July and October

Net Proceeds to Issuer: 99.973% (or $49,986,500) plus accrued interest
		        from April 4, 2008

Agent's Discount or Commission: 0.02%

Agent: Deutsche Bank Securities Inc.

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:
	[X] LIBOR Telerate/Page: 3750
	[ ] 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 (+/-): + 0.04%
Spread Multiplier: N/A
Index Maturity: 3 month
Index Currency: U.S. Dollars
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A

Initial Interest Reset Date: July 7, 2008
Interest Rate Reset Period: Quarterly
Interest Reset Dates: the first day of the relevant Interest
		      Calculation Period

Interest Determination Date: the second London Banking Day preceding
each Interest Reset Date

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

Business Day Convention
	[ ] Following
	[X] Modified Following

Redemption: Not Applicable

Redemption Dates:

Notice of Redemption:

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

Original Issue Discount:  No

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

Fungibility

The Notes offered hereby will have the same terms as, and will
be fungible with, the $145,000,000 aggregate principal amount of Notes
previously issued, but will be offered at a different Issue Price.  Once
issued, the Notes offered hereby will become part of the same series as
the Notes previously issued.

Interest

Notwithstanding anything to the contrary in the Prospectus Supplement and
Prospectus, the first Interest Calculation Period will be the period from
and including April 4, 2008 to and excluding the Initial Interest Reset
Date, and interest on the Notes for such Interest Calculation Period will
accrue from and including April 4, 2008, to and excluding the Initial
Interest Reset Date.

Settlement

We expect that delivery of the Notes will be made against payment therefor
on the Original Issue Date.  Under Rule 15c6-1 of the Securities Exchange
Act of 1934, as amended, trades in the secondary market generally are
required to settle in three Business Days, unless the parties to any such
trade expressly agree otherwise.  Accordingly, purchasers who wish to trade
the Notes more than three Business Days prior to the Original Issue Date
will be required to specify alternative settlement arrangements to prevent
a failed settlement and should consult their own investment advisor.