Forbes lists the best and worst states to own a car

Forbes has a slideshow of the best and worst places to own a car, and you might be surprised at a few of the winners and losers. The rankings are based on the results of's True Cost to Own (TCO) study. That study takes into account depreciation, financing, insurance, taxes and fees, fuel, maintenance, and repairs, and figures out how much those little costs you rarely consider as a lump sum will really subtract from your bank account over time. (Or pockets or shoeboxes, depending on where you keep your money.)

Depreciation and fuel are, of course, the biggest costs, and insurance can add a fair chunk over time. The difference between the last spot and the first spot on each list wasn't great -- about $4,000 in each case. But the difference between the best place (least expensive) to own a car and the worst place (most expensive) -- which wasn't New York City -- worked out to almost $12,000 over five years. Click the link to see if your state made either list. And if you want to get the TCO for your specific car, then check out the TCO calculator for yourself.

[Source: Forbes]

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