[Miata] Storing a Car

[Rob Argento]

Here is an "original" of the story....

A man walked into a bank in New York City one day  and asked for the loan  officer. He  told the loan officer that he was going to
Israel on  business for two weeks and needed to borrow $5,000. The  bank officer told him that  the bank  would need some form of
security for the  loan. 

The man handed over the keys to a new Ferrari parked  on the street in front  of the  bank. He produced the title and  everything
checked  out. 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 man for using 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 man 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 checked you  out and found that you're a  multi- millionaire. What puzzles us is,
why would you bother to borrow  $5,000?" The man replied: "Where else in New York City can I  park my car for two weeks for only
$15.41 and expect it  to be there when I  return?"
 

-----Original Message-----
From: miata-bounces at realbig.com [mailto:miata-bounces at realbig.com] On Behalf Of Jones
Sent: den 15 augusti 2007 18:08
To: miata at realbig.com
Subject: Re: [Miata] Storing a Car

>> This one's easy, Dillon. Go get a bank loan & put the car up as 
>> collateral. If you open a checking account with the loan money, have 
>> them automatically make the payments for you. When you get back, pay 
>> off the loan & the interest and I'll bet you it turns out cheaper 
>> than a storage bay
>>
> Um, yeah, but what does he do with the car?

Jim may be making a humourous reference to the story about the rich man who took a loan from a New York (or some other big
city) bank and left his Rolls Royce as collateral. when he returned from his trip he paid off the loan and retrieved his car. the
joke was that it was less expensive to have the bank store the car as loan collateral than find a place in crowded NY to store his
Rolls.

jmb
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