8-K

                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                 FORM 8-K

                              CURRENT REPORT
  Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


    Date of Report (Date of earliest event reported):  March 27, 2007


                       FINANCIAL FEDERAL CORPORATION
          (Exact name of Registrant as specified in its charter)


         Nevada                     1-12006                88-0244792
(State of incorporation)    (Commission file number)    (I.R.S. Employer
                                                       Identification No.)


                733 Third Avenue, New York, New York 10017
            (Address of principal executive offices) (Zip Code)


                              (212) 599-8000
           (Registrant's telephone number, including area code)


      (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))




Item 8.01   Other Events

      Financial Federal Corporation issued a press release on March 27, 2007
announcing its Board of Directors authorized a $30.0 million increase in the
Company's common stock and convertible debt repurchase program.  With this
increase, $33.8 million is available under the program.  The press release is
attached as Exhibit 99.1.

      The Company resumed the program earlier this month, and has repurchased
614,000 shares of its common stock for $16.2 million during the month.  The
Company may repurchase its common stock and convertible debt at times and
prices the Company considers appropriate based on market conditions.  The
Company currently has 26.9 million shares of common stock and $175.0 million
of convertible debt outstanding.


Item 9.01  Financial Statements and Exhibits

     (d)  Exhibits:

     The following exhibits are filed herewith:

99.1   Press release dated March 27, 2007


                          EXHIBIT INDEX

Exhibit No.  Description of Exhibit
- -----------  ---------------------------------------------------------
99.1         Press release dated March 27, 2007


                                     2


                                 SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.



                                       FINANCIAL FEDERAL CORPORATION
                                       -----------------------------
                                       (Registrant)


                                       By:  /s/ Steven F. Groth
                                            -----------------------------
                                            Senior Vice President and
                                            Chief Financial Officer
                                            (Principal Financial Officer)


March 28, 2007
- --------------
(Date)

                                     3

EX-99

                                                   Exhibit 99.1

  FINANCIAL FEDERAL CORPORATION INCREASES SHARE REPURCHASE PROGRAM


NEW YORK, NY:  March 27, 2007 - Financial Federal Corporation (NYSE:
FIF) today announced its Board of Directors authorized a $30.0
million increase in the Company's common stock and convertible debt
repurchase program.  With today's increase, $33.8 million is
available under the program.

The Company resumed the program earlier this month, and has
repurchased 614,000 shares of its common stock for $16.2 million
during the month.  The Company may repurchase its common stock and
convertible debt at times and prices the Company considers
appropriate based on market conditions.  The Company currently has
26.9 million shares of common stock and $175.0 million of convertible
debt outstanding.

This press release contains certain "forward-looking" statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 subject to risks and uncertainties that could cause actual
results to differ materially from those contained in the forward-
looking statements.  Please read the Company's Annual Report on Form
10-K for the year ended July 31, 2006 filed with the Securities and
Exchange Commission including Part I, Item 1A. "Risk Factors" for a
description of these risks and uncertainties.  These risk factors
include (i) an economic slowdown (ii) the inability to collect
finance receivables and the sufficiency of the allowance for credit
losses (iii) the inability to obtain capital or maintain liquidity
(iv) rising short-term market interest rates and adverse changes in
the yield curve (v) increased competition (vi) the inability to
retain key employees and (vii) adverse conditions in the construction
and road transportation industries.


Financial Federal Corporation is an independent financial services
company specializing in financing construction, road transportation
and waste services equipment through installment sales and leasing
programs for dealers, manufacturers and end users nationwide.  For
more information, please visit www.financialfederal.com.


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