Exhibit 99.1

              FINANCIAL FEDERAL CORPORATION REPORTS
           FOURTH QUARTER AND FISCAL YEAR 2009 RESULTS


NEW YORK, NY:  September 22, 2009 - Financial Federal Corporation
(NYSE: FIF) today announced results for its fourth quarter and fiscal
year ended July 31, 2009.  Net income for the quarter decreased 27%
to $8.9 million from $12.1 million in the fourth quarter of fiscal
2008.  Diluted earnings per share decreased by 29% to $0.35 from
$0.49.  Finance receivables originated during the quarter were
$60 million compared to $208 million in the fourth quarter of fiscal
2008.

Net income for fiscal 2009 decreased 14% to $43.1 million from
$50.1 million in fiscal 2008.  Diluted earnings per share also
decreased 14% to $1.72 from $2.01.  Finance receivables originated
were $488 million in fiscal 2009 compared to $924 million in fiscal
2008.  Finance receivables outstanding decreased 21% to $1.54
billion at July 31, 2009 from $1.94 billion at July 31, 2008.

Results for fiscal 2009 include a $1.0 million after-tax gain on
retirement of debt.  The Company purchased $42.3 million of its
convertible debentures in the open market for $40.6 million.
Without this after-tax gain, fiscal 2009 net income decreased 16%
to $42.1 million and diluted earnings per share decreased 16% to
$1.68. The amounts of net income and diluted earnings per share
excluding this gain are non-GAAP financial measures and are
presented because the Company believes they will be useful to
investors by providing consistency and comparability with the prior
period's operating results and a better understanding of the changes
and trends in the Company's operating results.

Paul R. Sinsheimer, CEO, commented: "Our performance in fiscal 2009
was outstanding.  We earned $43 million or $1.72 per share
notwithstanding the substantial reduction in economic activity and
difficulties in capital markets that caused many financial
institutions to collapse or need a government bailout because of
their excessive risk taking.  We are positioned to benefit from
improving business conditions and are encouraged by recent
indications of economic improvement."

Steven F. Groth, CFO, added: "With a new $100 million conduit and
the renewal of a $325 million conduit combined with balance sheet
contraction, we had the ability to prepay $194 million of term notes
at par in July and August.  This will result in substantial interest
savings based on current LIBOR and our liquidity remained strong at
$410 million."


Financial Highlights
    *  Net interest margin improved to 6.05% in the fourth quarter
       from 5.67% in the fourth quarter of fiscal 2008 and improved
       to 5.95% in fiscal 2009 from 5.48% in fiscal 2008 because of
       lower short-term market interest rates.  The net yield on
       finance receivables was 8.92% in the fourth quarter compared
       to 8.82% in the fourth quarter of fiscal 2008 and our cost of
       debt was 4.12% compared to 4.15%.  The net yield decreased to
       8.84% in fiscal 2009 from 9.14% in fiscal 2008 and our cost of
       debt decreased to 3.98% from 4.75%.
    *  The provision for credit losses increased to $2.4 million in
       the fourth quarter from $1.3 million in the fourth quarter of
       fiscal 2008 and increased to $7.9 million in fiscal 2009 from
       $4.0 million in fiscal 2008 because we increased the allowance
       for credit losses due to higher levels of net charge-offs,
       delinquencies and non-performing assets.

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    *  Salaries and other expenses increased by 11% to $7.8 million
       in the fourth quarter from $7.0 million in the fourth quarter
       of fiscal 2008.  The efficiency ratios were 31.6% and 25.0%
       and the expense ratios were 1.92% and 1.42%.  Salaries and
       other expenses increased by 8% in fiscal 2009 to $29.6 million
       from $27.3 million in fiscal 2008 with efficiency ratios of
       27.8% and 24.2% and expense ratios of 1.66% and 1.33%.
       Expenses increased mostly because of higher non-performing
       asset costs.
    *  Return on equity decreased to 7.9% in the fourth quarter from
       11.8% in the fourth quarter of fiscal 2008 and decreased to
       10.0% in fiscal 2009 from 12.5% in fiscal 2008 with leverage
       decreasing to 2.3 at July 31, 2009 from 3.5 at July 31, 2008.


Asset Quality
Asset quality declined throughout fiscal 2009 because of
recessionary economic conditions but remains within historical norms.
    *  Net charge-offs were $2.3 million or 0.57% (annualized) of
       average finance receivables in the fourth quarter compared to
       $1.9 million or 0.45% in the third quarter and $1.2 million or
       0.24% in the fourth quarter of fiscal 2008.  Net charge-offs
       were $7.7 million or 0.43% of average finance receivables in
       fiscal 2009 compared to $3.2 million or 0.16% in fiscal 2008.
    *  Non-performing assets were 5.67% of finance receivables at
       July 31, 2009 compared to 3.69% at April 30, 2009 and 2.41%
       at July 31, 2008.
    *  Delinquent receivables (60 days or more past due) were 2.47%
       of total receivables at July 31, 2009 compared to 2.66% at
       April 30, 2009 and 1.18% at July 31, 2008.


Conference Call
The Company will host a conference call September 23, 2009 at 11:00
a.m. (ET) to discuss its fourth quarter and fiscal year results.
The call can be listened to on the Company's website
www.financialfederal.com (click on Investor Relations).


About Financial Federal
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.


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 most recently filed
Annual Report on Form 10-K. 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, higher credit spreads 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.


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


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                   CONSOLIDATED INCOME STATEMENTS
              (In thousands, except per share amounts)

=====================================================================
                            Three months ended            Years ended
                                     July 31,*               July 31,
                            -----------------------------------------
                                2009      2008        2009       2008
=====================================================================
Finance income               $36,295   $43,737    $157,488   $188,402
Interest expense              11,665    15,626      51,407     75,473
---------------------------------------------------------------------
 Net finance income before
  provision for credit losses
  on finance receivables      24,630    28,111     106,081    112,929
Provision for credit losses
 on finance receivables        2,400     1,300       7,900      4,000
---------------------------------------------------------------------
  Net finance income          22,230    26,811      98,181    108,929
Gain on debt retirement            -         -       1,588          -
Salaries and other expenses   (7,793)   (7,040)    (29,537)   (27,323)
---------------------------------------------------------------------
  Income before income taxes  14,437    19,771      70,232     81,606
Provision for income taxes     5,571     7,629      27,084     31,522
---------------------------------------------------------------------
  NET INCOME                 $ 8,866   $12,142    $ 43,148   $ 50,084
=====================================================================
Earnings per common share:
  Diluted                      $0.35     $0.49       $1.72      $2.01
  Basic                        $0.36     $0.50       $1.75      $2.05
=====================================================================
Number of shares used:
  Diluted                     25,284    24,831      25,121     24,918
  Basic                       24,749    24,435      24,655     24,454
=====================================================================
* unaudited


                CONDENSED CONSOLIDATED BALANCE SHEETS
                           (In thousands)

=====================================================================
July 31,                                       2009              2008
=====================================================================
ASSETS
Finance receivables                      $1,536,398        $1,940,792
Allowance for credit losses                 (25,007)          (24,769)
---------------------------------------------------------------------
   Finance receivables - net              1,511,391         1,916,023
Cash                                          8,038             8,232
Other assets                                 28,685            18,613
---------------------------------------------------------------------
     TOTAL ASSETS                        $1,548,114        $1,942,868
=====================================================================
LIABILITIES
Debt                                     $1,052,000        $1,467,000
Accrued interest, taxes and
  other liabilities                          44,068            60,996
---------------------------------------------------------------------
   Total liabilities                      1,096,068         1,527,996

STOCKHOLDERS' EQUITY                        452,046           414,872
---------------------------------------------------------------------
     TOTAL LIABILITIES AND EQUITY        $1,548,114        $1,942,868
=====================================================================

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