FOR IMMEDIATE RELEASE


Contact:    Steven F. Groth, Chief Financial Officer
            (212) 599-8000



        FINANCIAL FEDERAL CORPORATION CALLS ITS 4.5%
        CONVERTIBLE SUBORDINATED NOTES FOR REDEMPTION
        ---------------------------------------------


NEW YORK, NY:  July 25, 2002 - Financial Federal Corporation
("FIF"  -  NYSE)  announced today that  it  is  calling  for
redemption   all   $91,188,000  of  its   outstanding   4.5%
convertible subordinated notes.  Holders of the  notes  have
until the redemption date of August 16, 2002 to present  and
surrender  their notes.  Holders have the option to  receive
cash  equal  to  101.929% of the principal amount  of  their
notes (includes a 1.929% call premium) plus accrued interest
to,  but  excluding, the redemption date or 33.16 shares  of
the  Company's  common stock for each  $1,000  of  principal
amount  of their notes (a conversion price of $30.15625  per
share).


Financial   Federal  Corporation  specializes  in  financing
industrial  and  commercial  equipment  through  installment
sales  and  leasing programs for manufacturers, dealers  and
end  users  nationwide.  For additional information,  please
visit the Company's website at www.financialfederal.com.


This document contains forward-looking statements within the
meaning of the Private Securities Litigation Reform  Act  of
1995  and are subject to risks and uncertainties that  could
cause   actual  results  to  differ  materially  from  those
contained  in the forward-looking statements.   Readers  are
referred  to the most recent reports on Forms 10-K and  10-Q
filed  by  the  Company  with the  Securities  and  Exchange
Commission that identify such risks and uncertainties.


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