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):  January 20, 2009


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


         Nevada                   001-14237                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 January 20, 2009
announcing the Executive Committee of its Board of Directors authorized a $35.3
million increase in its common stock and convertible debt repurchase program.
This increased the amount available under the program to $55.0 million.  The
press release is attached as Exhibit 99.1.


Item 9.01  Financial Statements and Exhibits

     (d)  Exhibits:

     The following exhibits are filed herewith:

99.1   Press release dated January 20, 2009


                          EXHIBIT INDEX

Exhibit No.  Description of Exhibit
- -----------  ---------------------------------------------------------
99.1         Press release dated January 20, 2009


                                     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)


January 20, 2009
- ----------------
(Date)

                                     3

EX-99

                                                        Exhibit 99.1

                     FINANCIAL FEDERAL CORPORATION

          ANNOUNCES INCREASE IN SHARE/DEBT REPURCHASE PROGRAM


NEW YORK, NY:  January 20, 2009 - Financial Federal Corporation
(NYSE: FIF) today announced the Executive Committee of its Board of
Directors authorized a $35.3 million increase in its common stock and
convertible debt repurchase program.  There is now $55.0 million
available for repurchases under the program.  The Company may
repurchase its common stock and convertible debt at times and prices
it considers appropriate.  Repurchases may be made in the open market
or in private transactions and the Company is not obligated to make
any repurchases.  The Company recently repurchased $21.5 million of
its 2.0% convertible debentures for $20.9 million.

The Company currently has 25.8 million shares of common stock and
$143.5 million of convertible debt outstanding.  The repurchase
program was established in June 2007 and 0.9 million shares of common
stock have been repurchased for $23.4 million and $31.5 million of
convertible debt has been repurchased for $30.1 million.


This press release contains certain "forward-looking" statements
concerning the Company's expectations.  Actual results could differ
materially from those contained in the forward-looking statements
because they involve risks, uncertainties and assumptions.
Information about risk factors that could cause actual results to
differ materially is included in the Company's Annual Report on Form
10-K for the year ended July 31, 2008.  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 yield curve changes (v)
increased competition (vi) the inability to retain key employees and
(vii) adverse conditions in the construction and road transportation
industries.  The Company is not obligated to update or revise
forward-looking statements for subsequent events or circumstances.


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


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