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

Pricing Supplement dated July 1, 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: 89233P4E3

Principal Amount (in Specified Currency): $30,000,000.
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: July 1, 2010
Original Issue Date: July 7, 2010
Stated Maturity Date: July 8, 2011

Initial Interest Rate: Three month LIBOR determined on July 2, 2010
plus 0.10%, accruing from July 7, 2010 (long first coupon interpolated
between three month and four month LIBOR)
Interest Payment Dates: The 8th of each October, January and April,
commencing on October 8, 2010, and on the Stated Maturity Date

Net Proceeds to Issuer: $29,967,000
Agents:	  Deutsche Bank Securities, Inc. ("Deutsche Bank")
	  Toyota Financial Services Securities USA Corporation
	  ("TFSS USA")
         The Williams Capital Group, L.P. ("Williams Capital")
Deutsche Bank's Discount or Commission: 0.03%
Deutsche Bank's Capacity:
 	[  ] Agent
 	[X] Principal
TFSS USA's Discount or Commission: 0.15%
TFSS USA's Capacity:
 	[X] Agent
	[  ] Principal
Williams Capital's Discount or Commission: 0.03%
Williams Capital'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:  3 month

Spread (+/-):  +0.10%
Spread Multiplier:  N/A

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

Initial Interest Reset Date: October 8, 2010
Interest Rate Reset Period: Quarterly
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

Plan of Distribution

Under the terms and subject to the conditions of the Fourth
Amended and Restated Distribution Agreement (the "Distribution
Agreement") dated March 10, 2009, between Toyota Motor Credit
Corporation ("TMCC") and Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Banc of America Securities LLC, Barclays Capital Inc.,
Citigroup Global Markets Inc., Deutsche Bank, HSBC Securities (USA)
Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated
and TFSS USA, Deutsche Bank, acting as principal, has agreed to purchase
and TMCC has agreed to sell to Deutsche Bank $5,000,000 principal amount
of the Notes (the "Deutsche Bank Notes") at 99.97% of such principal
amount, reflecting a discount or commission from the Issue Price equal
to 0.03% of such principal amount.

Under the terms and subject to the conditions of an Appointment Agreement
dated July 1, 2010 and the Appointment Agreement Confirmation dated
July 1, 2010 (collectively, the "Williams Capital Appointment Agreement")
between TMCC and The Williams Capital Group, L.P. ("Williams Capital"),
Williams Capital, acting as principal, has agreed to purchase and TMCC
has agreed to sell to Williams Capital $5,000,000 principal amount of
the Notes (the "Williams Capital Notes") at 99.97% of such principal
amount, reflecting a discount or commission from the Issue Price equal
to 0.03% of such principal amount.

Under the terms and subject to the conditions of the Distribution
Agreement, which is incorporated by reference into the Williams Capital
Appointment Agreement, the obligations of Deutsche Bank and Williams
Capital to purchase the Deutsche Bank Notes and the Williams Capital
Notes, respectively, are several and not joint, and in the event of a
default by either of Deutsche Bank or Williams Capital, TMCC will issue
the Notes to the other dealer only and the size of the offering will be
correspondingly reduced.  Under the terms and conditions of the
Distribution Agreement, each of Deutsche Bank and Williams Capital
is committed to take and pay for its own full allocation of the Notes
offered hereby if any of such allocation is taken.

Under the terms and subject to the conditions set forth in the
Distribution Agreement, TMCC is hereby offering $20,000,000 in principal
amount of the Notes through TFSS USA, acting as agent (the "TFSS USA
Notes") at 99.85% of such principal amount, reflecting a discount or
commission from the Issue Price equal to 0.15% of such principal amount.
TFSS USA has agreed to use its reasonable efforts to solicit offers to
purchase the TFSS USA Notes.