I recently purchased a new car and took the 0% for 60 month financing option in lieu of a $1250 rebate.  Now, I had the cash for the vehicle set aside and could have paid for it, but it seemed that $40k invested in pretty much anything would have been the better way to go.  Anyone have any advise on how to use that cash?

Having it sitting in a a savings account paying .90% ($360 per year) is, I suppose, one option.  I also like the idea that monthly payment could come right out of the savings account and draw down for the next 5 years, and I can pretend that it never touches my cash flow.  I can keep contributing to my savings, 401k, mortgage, etc. as though it never happened.  I don't "need" the money, it was above an beyond my emergency fund.  I've considered a bond ETF (BOND), or something with more than zero risk.  I'm comfortable with more than zero risk, but also like the idea that I could just pay the thing off if I ever wanted or needed to.
user
Took the 0 percent for 60 months... what to do with $40k that's low, but not zero risk.
assistant
I recently purchased a new car and took the 0% for 60 month financing option in lieu of a $1250 rebate.  Now, I had the cash for the vehicle set aside and could have paid for it, but it seemed that $40k invested in pretty much anything would have been the better way to go.  Anyone have any advise on how to use that cash?

Having it sitting in a a savings account paying .90% ($360 per year) is, I suppose, one option.  I also like the idea that monthly payment could come right out of the savings account and draw down for the next 5 years, and I can pretend that it never touches my cash flow.  I can keep contributing to my savings, 401k, mortgage, etc. as though it never happened.  I don't "need" the money, it was above an beyond my emergency fund.  I've considered a bond ETF (BOND), or something with more than zero risk.  I'm comfortable with more than zero risk, but also like the idea that I could just pay the thing off if I ever wanted or needed to.
user
took 0% for 60 months, have a lot of cash to spend, have a lot of stuff I want to buy, have $40k to spend, what to
assistant