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The fact that you need the funds in a year make stock market investing problematic. Better to use a savings account to be sure the funds are available when you need them.

I'd qualify this a little by whether it's a need to buy a car in a year, or just a general plan to save towards buying a car. If the OP has a perfectly adequate car, but is just interested in savings towards the idea of buying something new (self-driving?) in the future, putting those savings in the market may be just fine - IF he's willing to risk deferring the purchase if the market goes south.
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