A Scotsman walked into the Bank of England in Threadneedle Street, Central London and asked for the manager. He told her that he was going to Australia on business for two weeks and needed to borrow £5,000.
The manager told him that the bank would need some form of security for the loan. Hamish handed her the keys and documents, including the log book and ownership papers, for a new Ferrari parked on the street in front of the bank.
The manager agreed to accept the car as collateral for the loan. When Hamish walked out the manager told the General Manager and other staff about the loan and all enjoyed a good laugh at the rough looking Scotsman for using a £120,000 Ferrari as collateral against a £5000 loan. An employee of the bank then drove the car into the bank’s underground garage and parked it there.
Two weeks later, Hamish returned, repaid the £5,000 and the interest, which comes to £15.41.
The manager said, “Sir, we are very happy to have had your business and this transaction has worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multi millionaire. What puzzles us is, why would you bother to borrow £5,000?”
Hamish replied: “Where else in London can I park my car for two weeks for only £15.41 and expect it to be there when I return:”