EXHIBIT 15.2




February 13, 2004



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Commissioners:

We are aware that our report dated February 13, 2004 on our review of interim
financial information of Toyota Motor Credit Corporation (the "Company") for
the three and nine month periods ended December 31, 2003 and 2002 and included
in the Company's quarterly report on Form 10-Q for the quarter ended December
31, 2003 is incorporated by reference in the Prospectuses constituting part of
the Registration Statements on Form S-3 (Nos. 333-84692,333-103406 and 333-
103406-01).

Yours very truly,



/S/ PRICEWATERHOUSECOOPERS LLP