Filed Pursuant to Rule 433

Dated March 25, 2008 (amended March 28, 2008)

Registration Statement: No.  333-132201

Toyota Motor Credit Corporation

30-year Zero Coupon Notes

Final Terms & Conditions (Amended)

Issuer:	Toyota Motor Credit Corporation
Ratings:	Aaa / AAA (Moody’s / S&P)
Documentation:	US MTN Program
Trade Date:	March 25, 2008
Settlement Date (Original Issue Date):	March 28, 2008
Maturity Date:	March 28, 2038
Principal Amount:	$124,485,467 (may be increased prior to the Settlement Date)
Price to Public (Issue Price):	24.0991987%
Agent’s Commission:	0.00%.  The Agent or its affiliate will enter into swap transactions with the Issuer to hedge the Issuer’s obligations under the Notes.
All-in Price:	24.0991987%
Net Proceeds to Issuer:	$30,000,000
Interest Rate Per Annum:	The Notes will not pay periodic interest.
Accretion Rate:	4.80%, compounded semi-annually on March 28th and September 28th of each year
Accreted Value:	Original issue discount (“OID”) will accrue on the Notes at the Accretion Rate, based on a 360-day year of twelve 30-day months, compounding on each March 28 and September 28. The “Accreted Value” of the Notes on any compounding date (each such date, an “Accreted Value Calculation Date”) shall be equal to the product of (i) the Principal Amount and (ii) the accretion factor for such date as set forth in the accretion value schedule below (the “Accretion Factor”). The “Accreted Value” of the Notes on any date between two Accreted Value Calculation Dates (an “Interim Date”) shall be equal to the sum of (x) the Accreted Value on the first such Accreted Value Calculation Date and (y) the product of (A) 1/180th of the difference between the Accreted Values on the second and the first such Accreted Value Calculation Dates and (B) the number of days (based on a 360-day year of twelve 30-day months) from and including the earlier of the two Accreted Value Calculation Dates to, but excluding, the Interim Date.
Payment at Maturity:	At the Maturity Date, the Issuer will pay a holder of the Notes 100% of the principal amount of the Notes held by such holder. If the Maturity Date is not a New York Business Day, such sum will be payable on the following New York Business Day (without any interest or other payment in respect of such delay).
Early Redemption:	None
Day Count Convention:	30/360
Business Days:	New York

Business Day Convention:	Following, Unadjusted
Denominations:	Minimum of $100,000 with increments of $1 thereafter.
Agent:	Goldman, Sachs & Co.
CUSIP:	89233PU79
Governing Law:	New York
OID:	Yes.  See attached Accretion Schedule. The Notes will be issued with OID for U.S. federal income tax purposes. Accordingly, U.S. taxable holders of the Notes will be required to include OID in income as it accrues, in accordance with a constant yield method based on a compounding of interest at the Accretion Rate, before the receipt of cash payments attributable to this income. U.S. taxable holders of the Notes generally will be required to include in income increasingly greater amounts of OID in successive accrual periods. See "Material United States Tax Considerations for U.S. Holders—Original Issue Discount" on pp. S-31 and S-32 of the Prospectus Supplement.

This term sheet relates to the Prospectus dated March 7, 2006, as supplemented by the Prospectus Supplement dated March 7, 2006, which can be accessed at: http://www.sec.gov/Archives/edgar/data/834071/000104746906002954/a2168048z424b3.htm

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 SEC Web site 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 1-866-471-2526.

Risk Factors

Investing in the Notes involves a number of risks. In addition to the risks described in “Risk Factors” on page S-3 of the Prospectus Supplement, the Notes are subject to other special considerations. An investment in the Notes entails certain risks to a greater degree than an investment in conventional fixed-rate debt securities that pay interest periodically. While the Notes, if held to maturity, will provide return of their principal amount, their market value could be adversely affected by changes in prevailing interest rates. This effect on the market value of the Notes could be magnified in a rising interest rate environment due to their relatively long remaining term to maturity. In such an environment, the market value of the Notes generally will fall, which could result in the realization of significant losses to investors whose circumstances do not permit them to hold the Notes until maturity. Investors should have the financial status and, either alone or with a financial advisor, the knowledge and experience in financial and business matters sufficient to evaluate the merits and to bear the risks of investing in the Notes in light of each investor’s particular circumstances, and should consider whether their circumstances permit them to hold the Notes until maturity or otherwise to bear the risks of illiquidity and changes in interest rates.

Accretion Schedule

Issue Price:	24.0991987%
Principal Amount:	$124,485,467
Accretion Rate:	4.80%

Accreted Value Calculation Date		Accretion Factor			Accreted Value for all Notes in the Aggregate
	28-Mar-2008		24.0991987	%	$	30,000,000
	28-Sep-2008		24.6775794	%	$	30,720,000
	28-Mar-2009		25.2698413	%	$	31,457,280
	28-Sep-2009		25.8763178	%	$	32,212,255
	28-Mar-2010		26.4973493	%	$	32,985,349
	28-Sep-2010		27.1332854	%	$	33,776,997
	28-Mar-2011		27.7844843	%	$	34,587,645
	28-Sep-2011		28.4513123	%	$	35,417,749
	28-Mar-2012		29.1341438	%	$	36,267,775
	28-Sep-2012		29.8333628	%	$	37,138,201
	28-Mar-2013		30.5493636	%	$	38,029,518
	28-Sep-2013		31.2825480	%	$	38,942,226
	28-Mar-2014		32.0333296	%	$	39,876,840
	28-Sep-2014		32.8021294	%	$	40,833,884
	28-Mar-2015		33.5893804	%	$	41,813,897
	28-Sep-2015		34.3955259	%	$	42,817,431
	28-Mar-2016		35.2210182	%	$	43,845,049
	28-Sep-2016		36.0663225	%	$	44,897,330
	28-Mar-2017		36.9319143	%	$	45,974,866
	28-Sep-2017		37.8182804	%	$	47,078,263
	28-Mar-2018		38.7259189	%	$	48,208,141
	28-Sep-2018		39.6553415	%	$	49,365,137
	28-Mar-2019		40.6070694	%	$	50,549,900
	28-Sep-2019		41.5816394	%	$	51,763,098
	28-Mar-2020		42.5795985	%	$	53,005,412
	28-Sep-2020		43.6015089	%	$	54,277,542
	28-Mar-2021		44.6479451	%	$	55,580,203
	28-Sep-2021		45.7194959	%	$	56,914,128
	28-Mar-2022		46.8167638	%	$	58,280,067
	28-Sep-2022		47.9403656	%	$	59,678,788
	28-Mar-2023		49.0909344	%	$	61,111,079
	28-Sep-2023		50.2691170	%	$	62,577,745
	28-Mar-2024		51.4755759	%	$	64,079,611
	28-Sep-2024		52.7109900	%	$	65,617,522
	28-Mar-2025		53.9760533	%	$	67,192,342
	28-Sep-2025		55.2714784	%	$	68,804,958
	28-Mar-2026		56.5979939	%	$	70,456,277
	28-Sep-2026		57.9563460	%	$	72,147,228
	28-Mar-2027		59.3472987	%	$	73,878,762
	28-Sep-2027		60.7716337	%	$	75,651,852
	28-Mar-2028		62.2301525	%	$	77,467,496
	28-Sep-2028		63.7236763	%	$	79,326,716
	28-Mar-2029		65.2530444	%	$	81,230,557
	28-Sep-2029		66.8191179	%	$	83,180,091
	28-Mar-2030		68.4227766	%	$	85,176,413

28-Sep-2030	70.0649233	%	$	87,220,647
28-Mar-2031	71.7464811	%	$	89,313,942
28-Sep-2031	73.4683969	%	$	91,457,477
28-Mar-2032	75.2316389	%	$	93,652,457
28-Sep-2032	77.0371974	%	$	95,900,115
28-Mar-2033	78.8860904	%	$	98,201,718
28-Sep-2033	80.7793564	%	$	100,558,559
28-Mar-2034	82.7180614	%	$	102,971,965
28-Sep-2034	84.7032947	%	$	105,443,292
28-Mar-2035	86.7361738	%	$	107,973,931
28-Sep-2035	88.8178417	%	$	110,565,305
28-Mar-2036	90.9494704	%	$	113,218,873
28-Sep-2036	93.1322578	%	$	115,936,126
28-Mar-2037	95.3674319	%	$	118,718,593
28-Sep-2037	97.6562501	%	$	121,567,839
28-Mar-2038	100.0000000	%	$	124,485,467