Paul, a senior official in his company, walked into a London bank
and asked to see the loan's manager.
He said he was going to America on business for two weeks and
needed to borrow £10,000 ($19,000). The loan manager said
the bank would need some collateral for the loan.
Paul immediately handed over the keys of a Mercedes that was
parked on the street in front of the bank. Everything checked out
and the loan officer accepted the car as security for the loan.
An employee then drove the Mercedes into the bank's
underground garage and parked it there.
Paul returned two weeks later. He repaid the £10,000 and the
interest, which amounted to £9.41 ($18).
The loan officer said, "We do appreciate your business and this
transaction has worked out very nicely, but we are a bit puzzled.
While you were away, we checked and found that you are a
multi-millionaire. What puzzles us is why you would bother to
With a broad grin Paul responded, "Where else in London can I
park my car for two weeks for less than £10?"