A blonde walks into a bank and approaches the loan officer. “I’d like to borrow $100 for one month,” she says confidently.
The banker raises an eyebrow but proceeds to review her information. After running a quick check, he finds no credit history on file. “I’m sorry,” he says, “but without any credit, we’ll have to charge 20% interest. That means you’ll need to repay $120, and we’ll require some collateral.”
“Collateral?” she asks.
“It’s something valuable you offer as security for the loan,” the banker explains.
She thinks for a moment and then says, “How about my Ferrari?”
The banker nearly chokes but quickly regains his composure. After confirming the title, he sees the luxury car is fully owned by her. “Very well,” he says, still stunned. “I’ll prepare the paperwork.”
“So let me make sure I understand,” she says, leaning in. “You keep my Ferrari, I get $100, and I’ll pay you $120 next month to get my car back?”
“Exactly,” the banker replies.
She signs the paperwork, hands over the keys, and leaves with her $100. The banker watches her go, still bewildered by the whole situation.
A month later, the blonde returns to the bank. She hands the banker $120 and asks, “So I can have my Ferrari back now?”
“Of course,” the banker says, handing her the keys. Unable to contain his curiosity any longer, he stops her before she leaves. “I have to ask,” he says, “why would you use a $140,000 car as collateral for a $100 loan?”
The blonde flashes a knowing smile. “Oh, I had to leave town for business. Tell me, where else in Manhattan, could I park a Ferrari for a whole month for just $20?