Loan

A Chinese man walks into a bank in New York City and

asks for the loan officer. He tells the loan officer that he is going to

China on business for two weeks and needs to borrow $5,000. The bank

officer tells him that the bank will need some form of security for the

loan, so the Chinese man hands over the keys to a new Ferrari

parked on the street in front of the bank. He produces the title and

everything checks out.

The loan officer agrees to accept the car as collateral for the loan.

The bank's president and its officers all enjoy a good laugh at the

Chinese

 

For using a $250,000 Ferrari as collateral against a $5,000 loan.

 An employee of the bank then drives the Ferrari into the

bank's underground garage and parks it there.

 

Two weeks later, the Chinese returns, repays the$5,000 and the interest, 

which comes to $15.41. The loan officer says, "Sir, we are very happy to 

have had your business, and this transaction has worked out very nicely, 

but we are a little puzzled. While you were away, we checked you out and 

found that you are a multi-millionaire. 

 

What puzzles us is, why would you bother to borrow $5,000'"?

 

The Chinese replies: "Where else in New York City can

I park my car for Two weeks for only $15.41 and expect it to be there

safely when I return'"