Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-132201
Dated June 9, 2008

Final Terms for Issuance

Issuer:			Toyota Motor Credit Corporation

Security:		Floating Rate Medium Term Notes, Series B

Issuer Ratings:		Aaa/AAA

Cusip:			89233PY67

Pricing Date:		June 9, 2008

Settlement Date:	June 12, 2008

Maturity Date:		July 10, 2009

Principal Amount:	$100,000,000
			(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:	$99,990,000

Floating Rate Index:	Prime Rate

Floating Rate Spread:	-259 basis points

Index Source:		Prime Rate
			(daily weighted average)

Interest Payment Frequency:  Quarterly

Initial Interest Payment Date:  July 10, 2008 (short first coupon)

Initial Interest Rate:	Prime Rate on Settlement Date - 259 basis points

Interest Payment Dates:	On the 10th of each  January, April, July, October,
			and on the Maturity Date

Interest Reset Dates:	Each Business Day


Interest Determination Dates:  Each Business Day, using the prior Business
			       Day for non-Business Days

Interest Rate Cutoff:	2 Business Days prior to each related Interest
			Payment Date

Day Count Convention:	Actual/360

Business Day Convention:  Following, adjusted

Business Days:		New York

Governing Law:		New York

Calculation Agent:	Deutsche Bank Trust Company Americas

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

Agent:			Barclays Capital Inc.

DTC Number:		#7256

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
toll-free 1-888-227-2275 x 2663.

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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