- Before going to Europe on business, a man drove his 63 split window Corvette to a downtown New York City bank and went in to ask for an immediate loan of $10,000 The loan officer requested collateral. The man said, well then, here are the keys to my Corvette. The loan officer promptly had the car driven into the bank's underground parking garage for safe keeping, and gave him 10,000. Two weeks later, the man walked through the banks door, asked to settle up his loan and get his car back.
"That will be $10,000 in principal and $15.40 in interest", the loan officer said. The man wrote out a check and was given the keys to his Corvette back.
As the man walked away the loan officer said, "wait sir, while you were gone, I found out you were a multimillionaire. Why in the world would you need to borrow $10,000?
The man smiled. "Where else could I park my Corvette where it was safe in Manhattan for two weeks and pay only $15.40?"