A Chinese man walked into a bank in New York City and asked for the loan officer. He told the loan officer that he was going to China on business for 2 weeks and wanted to borrow $5,000.
The bank officer told him that the bank would need some form of security for the loan, so the Chinese man handed over the keys to a new Ferrari parked on the street in front of the bank. He produced his car's registration card and insurance cover note.
The Loan officer agreed to accept the car as collateral for the loan. The bank's president and its officers all enjoyed a good laugh at the Chinese forusing a $250,000 Ferrari as collateral against a $5,000 loan.
An employee of the bank then drove the Ferrari into the bank's underground garage and parked it there.
Two weeks later, the Chinese returned, repaid the $5,000 and the interest, which came to $15.41.
The loan officer 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'd checked you out and found that you are a multi-millionaire. What puzzles us is why you would bother to borrow $5, 000."
The Chinese replied, “Where else in New York City can I park my car for 2 weeks for only $15.41 and expect it to be there safely when I return.”
Now who dare to say that the Chinese work hard not smart? Hahaha…..