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How Millionaires Save Money on Parking

How Millionaires Save Money on Parking

 

An Indian man walks into the New York City Bank and asks for the loan officer.

He tells the loan officer that he is going to India for some business for 2 weeks and needs to borrow $5000. The loan officer tells him that the bank will need some form of security for the loan.

So the Indian man hands over the keys and the documents to the new Ferrari car parked on the street in front of the bank.

The loan officer consults the president of the bank, produces all the required items and everything checks out to be ok. The loan officer agrees to accept the car as a security for the loan. The bank president and the loan officer had a good laugh at the Indian for keeping a $750,000 Ferrari as a security and taking only $5,000 as a loan.

An employee of the bank then drives the Ferrari not the bank’s underground garage and parks it there. Two weeks later the Indian returns and pays $5,000 and the interest which comes to $15.41.

Seeing this, the loan officer says “Sir, we are very happy to have 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 puzzled us was why would you bother to borrow $5,000?”

The Indian replies “where else in New York City can I park my car for 2 weeks for only $15.41 and expect it to be there when I return?”

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