Rule 424(b)(2)
Registration No. 333-157642

Pricing Supplement dated January 5, 2010
(To Prospectus dated March 2, 2009
and Prospectus Supplement dated March 10, 2009)

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: 89233P3V6

Principal Amount (in Specified Currency): $250,000,000.
TMCC may increase the Principal Amount prior to the Original Issue
Date but is not required to do so.

Issue Price: 100%

Initial Trade Date: January 5, 2010

Original Issue Date: January 7, 2010

Stated Maturity Date: January 10, 2011

Initial Interest Rate: One month LIBOR determined on January 5, 2010
plus 0.00%, accruing from January 7, 2010 (long first coupon)

Interest Payment Dates: The 10th of each calendar month, commencing on
February 10, 2010, and on the Stated Maturity Date

Net Proceeds to Issuer: $249,925,000
Agent: CastleOak Securities, L.P.
Agent's Discount or Commission: 0.03%
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 Addendum)

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

If CMS:
	Designated CMS Maturity Index:

If CMT:
	Designated CMT Maturity Index:

	Designated CMT Reuters Page:
		[  ] T7051
		[  ] T7052

If LIBOR:
	Designated LIBOR Page:  Reuters
	Index Currency:  U.S. dollars

If CD Rate or LIBOR
	Index Maturity:  1 month

Spread (+/-):  0.00%
Spread Multiplier:  N/A

Maximum Interest Rate:	  N/A
Minimum Interest Rate:  N/A

Initial Interest Reset Date: February 10, 2010
Interest Rate Reset Period: Monthly
Interest Reset Dates: Each Interest Payment Date
Interest Rate Reset Cutoff Date: N/A
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, adjusted

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

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

Original Issue Discount:  Not Applicable
Total Amount of Original Issue Discount:
Yield to Maturity:
Initial Accrual Period:

Specified Currency:  U.S. dollars
Minimum Denomination/Minimum Incremental Denomination:  $1,000 and
$1,000 increments thereafter

If a Reopening Note, check [   ], and specify:
	Initial Interest Accrual Date:


ADDITIONAL TERMS OF THE NOTES

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.