Hello, first time poster here.
Some context, my grandfather passed away roughly two years ago. After a lengthy estate settlement, family drama and court procedures, last June I received a partial distribution of roughly $88,000. I used the majority of this money to wipe out my car loan ($6k, nothing huge), and as a 20% down payment on my first house. After all expenses I had roughly $11k left.
Tragedy happened literally the day of the move in, and our AC unit fried itself beyond repair. So $17k later I have a brand new AC unit, and a 10 year no worry warranty. I am generally a debt averse person, but my credit score let me finance it at 0% for 60 months, so that's cool.
Today I received my final distribution from the estate. $14k. This alone is almost enough to wipe out my AC unit loan. Financially I could just lump sum pay it off today, and save $250 a month. Or, I could throw this $14k in my brokerage account, and let the large lump sum grow.
My parents both believe that investing it is the smarter choice, taking advantage of the 0% interest. I personally am a debt averse person. I don't have a car payment, and I have no credit card debt. Just a mortgage, and an AC unit loan.
Looking for thoughts or opinions on this, thanks!