Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-132201
Dated May 1, 2008

Final Terms for Issuance

Issuer:  		Toyota Motor Credit Corporation

Security:		Floating Rate Medium Term Notes, Series B

Issuer Ratings:		Aaa/AAA

Cusip:			89233PW51

Pricing Date:		May 1, 2008

Settlement Date:	May 6, 2008

Maturity Date:		June 2, 2009

Principal Amount:	$105,000,000
			(may be increased prior to the Settlement Date)

Re-offer Price:		100.00%

Gross Underwriting Spread:  0.01%

All-in Price to Issuer:	99.99%

Net Proceeds to Issuer:	$104,989,500

Floating Rate Index:	3 Month LIBOR

Floating Rate Spread:	- 8 basis points

Index Source:		LIBOR Telerate

Interest Payment Frequency:  Quarterly

Initial Interest Payment Date:  June 2, 2008 (short first coupon)

Initial Interest Rate:	3 Month LIBOR determined on May 2, 2008
			- 8 basis points, accruing from May 6, 2008

Interest Payment Dates:	On the 2nd of each March, June, September,
			December, and on the Maturity Date

Interest Reset Dates:  	The same dates as each Interest Payment Date.
For the avoidance of doubt, newly reset interest rates shall apply
beginning on and including the Interest Reset Date, to but
excluding the next Interest Payment Date


Interest Determination Date:  Second London Banking Day preceding
			      each Interest Reset Date

Day Count Convention:	Actual/360

Business Day Convention:  Modified Following, adjusted

Business Days:		New York and London

Governing Law:		New York

Calculation Agent:	Deutsche Bank Trust Company Americas

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

Agent:			J.P. Morgan Securities Inc.

DTC Number:		#187

Capitalized terms used herein but not otherwise defined shall have the
meanings assigned to them in the prospectus dated March 7, 2006 and
prospectus supplement thereto dated March 7, 2006 relating to these
notes.

The issuer has filed a registration statement (including a prospectus)
with the U.S. Securities and Exchange Commission (SEC) for the
offering to which this communication relates.  Before you invest, you
should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete information
about the issuer and this offering.  You may get these documents for
free by visiting EDGAR on the web at www.sec.gov.  Alternatively,
the issuer, any underwriter or any dealer participating in the offering
will arrange to send you the prospectus if you request it by calling
collect 1-212-834-4533.

Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded.  Such disclaimer or
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