Bank Loan

A Miser man decided to go on a vacation for a month. He goes to the bank and asks for a trip loan of $500. The bank officer asks the man that the loan can only be approved when he mortgage some valuable thing at the bank. Miser man mortgages his only car whose worth was a whopping $80000. The Bank officer laughed at him and approve the loan instantly. After vacation when the miser man returns, the bank officer asked him "Are you an idiot, why is your mortgage such an expensive car for such a short loan?".

Miser man replied with some reason and the bank officer agreed that the miser man is actually not an idiot.

What did miser man reply to the bank loan officer?.




Similar Riddles

A father told his three sons he would die soon and he needed to decide which one of them to give his property to. He said, “Go to the market and buy something large enough to fill my bedroom, but small enough to fit in your pocket. From this, I will decide which of you is the wisest and worthy enough to inherit my land.” They all went to the market, and each came back with a different item. The father told his sons to come into his bedroom one at a time and try to fill up his bedroom with their items. The first son came in and put some pieces of cloth he bought and laid them across the room, but it barely covered the floor. The second son came in and laid some hay on the floor, but there was only enough to cover half the floor. The third son came in and showed his father what he bought. He wound up getting the property. What did the third son show his father?

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James ordered a fishing rod, priced at $3.56. Unfortunately, James is an Eskimo who lives in a very remote part of Greenland and the import rules forbid any package longer than 4 feet to be imported. The fishing rod was 4 feet and 1 inch, just a little too long, so how can the fishing rod be mailed to James without breaking the rules? Ideally James would like the fishing rod to arrive in one piece!

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When it's bad luck to meet a black cat?

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Can you count the number of blocks in the picture below?

Count The Blocks

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Jack was having a candle light dinner with his girlfriend. Suddenly a cold gush of wind entered through the open window and three of the ten candles were extinguished. Assuming that none of the other candles were extinguished.

How many candles are they left with in the end ?

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In a basket of apples,
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when counted in fives, there were four extra
when counted in sixes, there was five extra.

However, if the apples were counted in sevens, no extra apple was left. Can you calculate the minimum number of apples that were present in the basket?

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Consider this about a word: The first two letters signify a male, the first three letters signify a female, the first four letters signify a great, while the entire world signifies a great woman. What is the word?

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The below mentioned letters have been placed in a order using a logic.

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Can you find the logic?

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What is John Situation ?

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There are 2 people near the river and both of them want to get on the other side. The boat can only take one of them. But they got across.
How?

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Challenging

There is a cryptic organization called Cicada 3301 that posts challenging puzzles online, possibly to recruit codebreakers and linguists.