Exhibit 10.36

              Non-Qualified Stock Option Agreement


Participant:

Number of shares of
Common Stock subject
to this Agreement:

      Pursuant to the Financial Federal Corporation Stock  Option
Plan  (the  "Plan"), the Board of Directors of Financial  Federal
Corporation  (the "Company") has granted to Participant  on  this
date an option (the "Option") to purchase the number of shares of
the  Company's Common Stock, $.50 par value ("Common Stock"), set
forth  above.  Such number of shares (as such may be adjusted  as
described  in Paragraph 11 below) is herein referred  to  as  the
"Option Shares."  This Option shall constitute and be treated  as
a  "non-qualified  stock option" and not as an  "incentive  stock
option" as defined under Section 422 of the Internal Revenue Code
of 1986, as amended (the "Code") for federal income tax purposes.
The terms and conditions of this Option are set forth below:

      1.    Date of Grant.  This Option is granted to Participant
on           .

     2.   Termination of Option.  Participant's right to exercise
this Option (and to purchase the Option Shares) shall expire  and
terminate  in all events on the earlier of (i) five  years  after
Date of Grant; (ii) the date provided in Paragraph 8 below in the
event  Participant  ceases to be a Director of  the  Company  (as
defined  in  the  Plan);  or  (iii) upon  any  transfer,  pledge,
encumbering or attempted exercise of this Option in violation  of
the terms of Paragraph 7 below.

      3.    Option Price.  The purchase price to be paid upon the
exercise  of this Option will be $      per share, which  is  not
less than the fair market value of a share of Common Stock on the
Date of Grant of this Option.

     4.   Vesting Provisions - Entitlement to Exercise the Option
and Purchase Option Shares.  Participant shall become entitled to
exercise  this  option immediately with respect to  100%  of  the
Option  Shares.  In no event may a fraction of a  share  or  less
than 25 shares be purchased or issued.

     5.   Additional Provisions Relating to Exercise.

      (a)   Once  Participant becomes entitled to  exercise  this
Option  (and  purchase Option Shares) as provided in Paragraph  4
hereof,  such  right will continue until the date on  which  this
Option expires and terminates pursuant to Paragraph 2 hereof.

      (b)   The  Board of Directors of the Company, in  its  sole
discretion,  may at any time accelerate the time  at  which  this
Option may be exercised by Participant with respect to any Option
Shares.

       6.     Exercise  of  Option.   To  exercise  the   Option,
Participant must deliver a completed copy of the attached  Option
Exercise  Form  to the address indicated on the Form,  specifying
the  number of Option Shares being purchased as a result of  such
exercise, together with payment of the full option price for  the
Option Shares being purchased.  Payment of the option price  must
be made in cash or by check.

      7.    Transferability of Option.  This Option  may  not  be
transferred,   pledged,   or   otherwise   encumbered    (whether
voluntarily, involuntarily or by operation of law) by Participant
(other than by will or the laws of descent and distribution)  and
may   be   exercised  during  Participant's  lifetime   only   by
Participant  and  not  by  any transferee,  pledgee,  lienholder,
trustee,  receiver, conservator or other fiduciary, custodian  or
successor to Participant or of Participant's assets and  property
(including any Trustee in Bankruptcy or Assignee for the  Benefit
of Creditors).

     8.   Termination as a Director or of Employment.

      (a)   In the event that Participant ceases to be a Director
or  employed by the Company or a Subsidiary or Affiliate  thereof
on  a  full-time  basis  for any reason  other  than  because  of
Participant's  death  or  "disability"  (within  the  meaning  of
Section  22(3)(e)  of  the Code), this  Option  shall  expire  on
Participant's  last day of employment or date Participant  ceases
to be a Director.

      (b)   In the event that Participant ceases to be a Director
or employed by the Company or any Subsidiary or Affiliate thereof
on  a  full-time basis by reason of "disability" (as  defined  in
paragraph  (a)  above), this Option may only be exercised  within
one  year  after the date Participant ceases to be a Director  or
employed,  and  only  to  the same extent  that  Participant  was
entitled  to exercise this Option on the date Participant  ceases
to be a Director or employed by reason of such disability and had
not previously done so.

      (c)    In  the event that Participant dies either  while  a
Director or employed on a full-time basis by the Company  or  any
Subsidiary  or Affiliate thereof or within a period of  one  year
after ceasing to be a Director or employed by the Company or  any
Subsidiary or Affiliate thereof on a full-time basis by reason of
"disability,"  this Option may only be exercised within  six  (6)
months after Participant's death. In such event, this Option  may
be   exercised  during  such  six-month  period  by   the   legal
representative of Participant's estate or by any person who shall
have acquired the Option through bequest or inheritance, but only
to the same extent that Participant was entitled to exercise this
Option  immediately prior to the time of Participant's death  and
had not previously done so.

       (d)   Notwithstanding  any  provision  contained  in  this
Paragraph  8  to  the contrary, in no event may  this  Option  be
exercised to any extent by anyone after six years from grant.

      9.    Representations. Participant represents and  warrants
that  Participant understands the Federal, state and local income
tax  consequences of the granting of this Option to  Participant,
the  exercise of this Option and purchase of Option  Shares,  and
the subsequent sale or other disposition of any Option Shares.

     10.  Adjustments.  If the total outstanding shares of Common
Stock  of the Company shall be increased or decreased or  changed
into  or  exchanged for a different number or kind of  shares  of
stock   or  other  securities  of  the  Company  or  for  another
corporation  through  reorganization,  merger  or  consolidation,
recapitalization, stock split, split-up, combination or  exchange
of  shares or declaration of any dividends payable in stock, then
the  Board of Directors shall appropriately adjust the number  of
Option  Shares  (and price per share) subject to the  unexercised
portion  of  this  Option (to the nearest  possible  full  share)
subject  in  all cases to the limitations of Section 425  of  the
Code.

      11.  Continuation as a Director or of Employment.   Neither
the  Plan nor this Option shall confer upon Participant any right
to  continue as a Director or in the employ of the Company or any
Subsidiary or Affiliate thereof or limit in any respect the right
of  the  Company  or  any  Subsidiary  or  Affiliate  thereof  to
terminate Participant's employment or as a Director at any time.

      12.  Plan Documents. This Option Agreement is qualified  in
its   entirety  by  reference  to  the  provisions  of  the  Plan
applicable   to   "Non-Qualified  Options",  which   are   hereby
incorporated herein by reference.

      13.   Governing Law. The Plan, this Option and all  actions
taken  pursuant hereto, to the extent not otherwise  governed  by
the  laws of the United States, shall be governed by the laws  of
the  State of New York and construed accordingly, without  giving
effect  to  principles of conflicts of laws.  This Agreement  may
not  be  amended,  altered, waived or modified unless  it  is  in
writing  and signed by Participant and an officer of the  Company
who  has  the  title of Executive Vice President or higher.   The
written  Agreement  represents the final  agreement  between  the
parties  and  may  not  be contradicted  by  evidence  of  prior,
contemporaneous  or  subsequent  oral  agreements   between   the
parties.    The   rights  and  remedies  of  the   Company,   its
Subsidiaries and Affiliates hereunder shall be cumulative and not
alternative.  No delay or failure on the part of the Company, its
Subsidiaries or its Affiliates in exercising any rights hereunder
shall operate as a waiver of such or of any other rights.  If any
term,  provision, covenant or restriction of this Option is  held
by a court of competent jurisdiction to be invalid, illegal, void
or   unenforceable,  the  remainder  of  the  terms,  provisions,
covenants and restrictions set forth herein shall remain in  full
force  and  effect and shall in no way be affected,  impaired  or
invalidated, and the parties hereto shall use their best  efforts
to  find  and employ an alternative means to achieve the same  or
substantially the same result as that contemplated by such  term,
provision, covenant or restriction.  It is hereby stipulated  and
declared to be the intention of the parties that they would  have
executed   the   remaining  terms,  provisions,   covenants   and
restrictions without including any of such that may be  hereafter
declared   invalid,   illegal,  void   or   unenforceable.    THE
PARTICIPANT HEREBY WAIVES THE RIGHT TO HAVE A TRIAL  BY  JURY  IN
ANY  LITIGATION,  ACTION,  CAUSE OF ACTION,  COUNTERCLAIM,  CASE,
ARBITRATION  OR  PROCEEDING BETWEEN THE EMPLOYEE/PARTICIPANT  AND
THE COMPANY, ITS SUBSIDIARIES OR AFFILIATES.

      In  consideration of the Company granting  the  Participant
this  Option,  please acknowledge your agreement to fully  comply
with  all of the terms and provisions contained herein by signing
this  Option Agreement in the space provided below and  returning
it  promptly to Financial Federal Corporation, Attention: Troy H.
Geisser, Secretary.

                                   FINANCIAL FEDERAL CORPORATION

                                   By_ __________________________


                                   By_ __________________________

Accepted and Agreed to as of
               .

____________________________