Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-157642
Dated January 11, 2010


Toyota Motor Credit Corporation
Medium Term Notes, Series B - Floating Rate
Pricing Term Sheet

Issuer:	Toyota Motor Credit Corporation

Issuer Senior Long-	Aa1 (negative outlook) / AA (negative outlook)
Term Debt Ratings:

CUSIP:	89233P3Y0

Trade Date:	January 11, 2010

Settlement Date:	January 14, 2010

Stated Maturity Date:	January 13, 2012

Principal Amount:	$50,000,000
(may be increased prior to the Settlement Date)

Interest:	The Notes will bear interest on each calendar day at
a rate equal to the Federal Funds Open Rate for that
day + 20 basis points.

The "Federal Funds Open Rate" means the rate for U.S.
dollar federal funds on the relevant Interest Determination
Date as displayed on Bloomberg Screen FEDSOPEN
 or any other successor screen for determining
such rate available on Bloomberg.  For the avoidance of
doubt, the Federal Funds Open Rate on any Interest
Determination Date that is not a Business Day will equal
the Federal Funds Open Rate applicable to the immediately
preceding Business Day.

If the rate referred to above is not displayed on Bloomberg
by 4:00 P.M. New York City time, on the relevant Interest
Determination Date, then the following procedures will apply:

(1) the Federal Funds Open Rate, for the relevant Interest
Determination Date, will be the rate for that day displayed on
Reuters Telerate page 5 under the heading "Federal Funds"
and opposite the caption "Open", or any successor page for
determining such rate available on Reuters Telerate, or

(2) if the rate referred to in clause (1) above is not displayed
on Reuters Telerate by 4:00 P.M. New York City time, on the
relevant Interest Determination Date, then the Federal Funds
Open Rate, for the relevant Interest Determination Date, will
be the rate for that day as displayed on Bloomberg Screen
FEDSPREB  or any successor screen for
determining such rate available on Bloomberg, or

(3) if the rate referred to in clause (2) above is not displayed
on Bloomberg by 4:00 P.M. New York City time, on the
relevant Interest Determination Date, then the Federal Funds
Open Rate, for the relevant Interest Determination Date, will
be calculated by the Calculation Agent as the arithmetic mean
of the rates for the last transaction in overnight, U.S. dollar
federal funds, arranged before 9:00 A.M., New York City time,
on the relevant Interest Determination Date, quoted by three
leading brokers of U.S. dollar federal funds transactions in
New York City selected by the Calculation Agent, or

(4) if the Federal Funds Open Rate is not available from any
of the foregoing sources, the Federal Funds Open Rate on the
relevant Interest Determination Date will equal the Federal
Funds Open Rate on the last day on which it was available.

Interest Payment Dates:  Quarterly, on the 13th of each
April, July, October and January, commencing
April 13, 2010 (short first coupon)

Interest Reset Dates:	Each calendar day

Interest Determination Dates: 	The same day as the related Interest
Reset Date

Interest Rate Reset Cutoff:  Beginning two Business Days prior to each
Interest Payment Date, the interest rate applicable for the remainder
of the related interest period to but excluding the related Interest
Payment Date shall be the Federal Funds Open Rate in effect on the
second Business Day preceding the Interest Payment Date.

Issue Price:	100.00%

Underwriter's Discount
or Commission:	0.06%

All-in Price to Issuer:	99.94%

Net Proceeds to Issuer:  $49,970,000

Day Count Convention:  	Actual/360

Business Day Convention:	Following, adjusted

Business Days:	New York

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

Underwriter:	Banc of America Securities LLC

Calculation Agent:	Deutsche Bank Trust Company Americas

DTC Number:	#773

Note: A credit rating is not a recommendation to buy, sell or hold
securities, and may be subject to revision or withdrawal at any time


This pricing term sheet supplements the prospectus supplement issued
by Toyota Motor Credit Corporation on March 10, 2009 relating to its
prospectus dated March 2, 2009.  Capitalized terms used herein but not
otherwise defined shall have the meanings assigned to them therein.

The issuer has filed a registration statement (including a prospectus)
with the 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 1-800-294-1322.

Any disclaimer or other notice that may appear below is not applicable
to this communication and should be disregarded.  Such disclaimer or
notice was automatically generated as a result of this communication
being sent by Bloomberg or another email system.