A Lawyer Walked Into a Bank to Get a Loan...

...and a bank employee assisted him with the requirements. The employee asked, "How much are you going to borrow, sir?"

"Five thousand dollars," the lawyer said.

"And when do you intend to pay it?" the bank employee asked.

"In 30 days."

"Okay, sir, we have a standard 18% annual interest on short-term loans. Is that agreeable to you?"

After a few moments of staring blankly at him, the lawyer nodded. The bank employee continued, "We would also need a guaranty or collateral for first-time loaners."

The lawyer tossed him his car keys and pointed outside to a red Ferrari, "There's your collateral."

Dumbfounded, the bank employee said, "But sir, that collateral is worth way more than your loan amount."

Waving away the employee's protest, the lawyer said, "Yeah, it's worth 1.4 million dollars, but I'm fine with it. Now, can we sign the papers?"

After a few more minutes, the lawyer left the bank. The employee immediately recounted the odd incident to his co-employees, thinking, 'I can't believe there will come a day when we would meet such a simpleton lawyer."

Still chuckling, the bank employee prepared a slip to put the Ferrari into temporary storage.

Thirty days after, the lawyer returned to the bank, paying the $5,000 and interest of $75. The employee handed over the car keys, but couldn't resist asking, "Sir, why would you leave a million-dollar car for collateral for a loan of just five thousand dollars?"

"Simple," the lawyer replied, "I'm just on a business meeting here in the city, and the best priced parking garage costs $200 per month."

The lawyer left the bank employee speechless.