FINANCIAL FEDERAL CORPORATION SELECTS
              LEOPOLD SWERGOLD TO ITS BOARD OF DIRECTORS


NEW YORK, NY:  August 16, 2005 - Financial Federal Corporation (NYSE:
FIF) announced today its Board of Directors selected Leopold Swergold
as its eighth member. Mr. Swergold will serve as a director until the
next annual meeting of shareholders in December 2005.  The Company's
Corporate Governance and Nominating Committee determined Mr. Swergold
qualifies as an independent director according to the New York Stock
Exchange's rules.  Paul R. Sinsheimer, CEO, commented: "We are
privileged to have Mr. Swergold join our Board.  His forty-plus years
of business and investment banking experience will be a valuable
resource for our company."

Mr. Swergold formed his own investment banking firm in 1983 after
working on Wall Street for almost twenty years.  His firm merged into
Furman Selz in 1989 where he became Head of Healthcare Investment
Banking and a member of its Board of Directors.  Furman Selz was
acquired by ING Groep N.V. in 1997 where Mr. Swergold was a Managing
Director of several funds until he retired in December 2004.

Mr. Swergold served as a Governor and Chair of the Audit Committee of
the National Association of Securities Dealers ("NASD") from 1989 to
1992 and has been a member of the Board of Directors of Select
Medical Corporation since 2001.  He currently serves on the Board of
Trustees of the Beth Israel Medical Center and St. Luke's - Roosevelt
Hospital Center.

Mr. Swergold holds an MBA from the Harvard Business School and a
Bachelors degree from Columbia College.  He is active in several
health and educational organizations.  He and his wife live in
Westport, CT and have two children and four grandchildren.


Financial Federal Corporation is an independent financial services
company specializing in financing industrial and commercial
equipment through installment sales and leasing programs for dealers,
manufacturers and end users nationwide.  For more information,
please visit the Company's website at www.financialfederal.com.


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