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The Loan



 

Puzzle ID:#3632
Fun:*** (2.79)
Difficulty:** (1.76)
Category:Other
Submitted By:bobbrt*****

 

 

 



A wealthy but thrifty man is applying for a loan at a bank. The man says that he would like to take out a $1,000 loan, and that to save paperwork he would like to just leave his BMW with the bank as collateral. The loan officer thinks that it is odd that such a wealthy man would take out such a small loan, but sees no reason to reject the loan.
A month later the man returns, pays off the loan in full (plus a month's interest), and is returned his car. Why did he take out this loan?




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Comments

Pizzahead
Apr 26, 2002

Very clever!
(user deleted)
Apr 27, 2002

I've always enjoyed this one - but I do wonder if a bank would really operate this way. If so - do you think they would take my kids as collateral? Cheap babysitting!
bmotts*
Jul 29, 2002

Fun, fun, fun.. I loved it!
jimbo*au*
May 01, 2003

Just like the beer commercial.
lessthanjake789*us**
Feb 09, 2006

very good one, heard it before, loved seeing it again.
lav4geniy*us*
Nov 07, 2006

if he was rich, then why didn't he want to pay the parking lot fee?
oh well, it was still a good one.
thisisnotsparksAus*
Jul 25, 2007

Great teaser thanks for posting it, keep'em coming

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