Thursday, 31 March 2011

Homeowner Loan

Clever...

A wealthy but thrifty man is applying for a secured loan at a bank. The man says that he would like to take out a $1,000 secured 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 secured loan, but sees no reason to reject the secured loan.
 
A month later the man returns, pays off the secured loan in full (plus a month's interest), and is returned his car. Why did he take out this loan?
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30 comments:

  1. Jay31 March 2011 at 02:54

    this is an old joke about making sure his car is safe and sound for a small sum right? ;)

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  2. Every Day31 March 2011 at 03:36

    lol. that's smart!

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  3. ResCogitans31 March 2011 at 04:48

    he was going away on holiday/business for a month and the bank was beside the airport. the interest on the small loan was a lot less than the parking fees at the airport.

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  4. Unknown31 March 2011 at 05:15

    just for fun? :3

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  5. Anonymous31 March 2011 at 07:23

    cheap parking!

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  6. Sphyrix31 March 2011 at 07:36

    cuz he could :)

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  7. Tasos31 March 2011 at 08:31

    ohh I think ResCogitans found it. I'll go with what he said

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  8. Choms133731 March 2011 at 08:47

    BMW I like it :P

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  9. Azurikai31 March 2011 at 10:03

    i love the cleverness of this blog.

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  10. SportsGuyBrandon31 March 2011 at 10:37

    This blog always has me thinking.

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  11. Fix PC Games Admin31 March 2011 at 11:28

    he wants to look like a thief! damn this is hard

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  12. Slamcakes31 March 2011 at 13:57

    I've heard a variant of this one. The wealthy man is storing his car with the bank because he is either in the city and the parking fees are expensive or he is going on a long trip and doesn't want his car stolen.

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  13. Tibble31 March 2011 at 14:08

    Yeah its for the cheap parking

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  14. 12331 March 2011 at 14:47

    he just wants to show off the fact he can afford a bmw :(

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  15. Jared Aguirre31 March 2011 at 15:08

    I have no clue...

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  16. cool_cicler31 March 2011 at 15:27

    Good question... did anyone came with a plausible answer already?

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  17. ed31 March 2011 at 16:45

    cause he be an idiot

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  18. frameaj131 March 2011 at 17:16

    Cool blog!

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  19. Blog Hunt31 March 2011 at 18:03

    Haha i agree colin!

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  20. sporktar31 March 2011 at 19:05

    He wants to give his car to me? Yea, thats it. He wants to give his car to me.

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  21. Inhia31 March 2011 at 19:30

    anita. I think i love your blog!
    following

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  22. Brandon Sample31 March 2011 at 19:37

    seems like a pretty good idea, I wonder if it would actually work.

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  23. Major Mack31 March 2011 at 20:35

    wanna lend me $1000?

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  24. Coco31 March 2011 at 20:58

    damn.. i can never found out the right answers... lol..

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  25. Electric Addict31 March 2011 at 22:28

    i'd want to drive my BMW right away lol

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  26. Anonymous31 March 2011 at 23:00

    I know the answer, I'm just going to choose not to say it :P

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  27. Stef Pelgrims31 March 2011 at 23:19

    jup cheap parking :p

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  28. The Game Store Guy31 March 2011 at 23:51

    I'm going to side with them in saying that it was for safe parking for that month.

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  29. Pappa Püllï1 April 2011 at 10:05

    I'm truly inspired by your blog! Great to read once again. Keep this up!

    - Pappa Püllï

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  30. Political Post It's1 April 2011 at 14:57

    This is a cool blog.

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