Should I trade in my Honda Civic for a 2016 chevy volt?

I work 4 times a week with a 62 mile round trip from home to work and I go to school 3 times a week 74 miles round trip. I end up getting gas about 3-4 times a week. I want to trade my car in because gas is adding up every week. It takes about $32 to fill the tank. The volt could potentially save money as my work and school have lvl2 charging stations which would only cost 75 cents for 3-4 hours which would be about $3 or less a day while I charge
up again at home (I don't pay electric bill). Should I trade in my Civic, which I still have 2 more years of payment, for the volt? Or should I just stick with the civic, pay it off and keep commuting with it?

Maybe you should try to find a job closer to home so you won't have to commute 62 miles 4 times a week.

If you still owe 2 years on the Civic, then you're upside down on the deal and realistically have nothing to trade with.

Work additional hours and use the extra money to pay off your Civic early and then get a clean and clear title. Then you will have something to trade, and won't be rolling over unrepaid debt onto the next finance deal at the typical "we have you by the balls" interest rate.

Yes, the Volt might be cheaper to run. But not if your finance repayments skyrocket.

Also the Volt has a realistic battery range of far less than the thirty or so miles claimed (compared to a theoretical maximum of 40 miles), and much less in winter. When it reverts to gasoline only the performance is far worse and the mpg is pretty poor for that engine size, often as low as 22mpg in cold weather.

If you're going to go electric hybrid then get a more conventional type like the Yaris hybrid, or go fully electric with a Nissan Leaf. Later Leaf models will easily cover your daily return journey on a single charge at any time of year, and unlike early Volt cars they can fast-charge.

How much are you going to get for your Civic?

How much is a Volt going to cost you?

Do you have the cash to pay the difference or do you have to finance? If so, at what rate?

What is the difference, if any, in insurance for the two vehicles? Check with your agent.

Looks like you drive about 500 miles a week. A Civic should get about 30 mpg so that's about 16 gal a week.

$32 a fill at 3 to 4 times a week to fill up sounds like way too much gas for how far you are driving.

Bottom line, you need to look into this a lot more before you can make an informed decision.

In La La Land, a used 2016 Volt costs $19K to $22K. You are driving about 500 miles/week, a Civic gets about 30 MPG, and gasoline costs about $4/gallon -- you burning less than $70 a week for gasoline.

Gasoline savings will pay off the Volt in about 6 years. IF you haven't moved to someplace close to where you work/school, not counting electric costs, not counting that the Government will probably figure out how to get road taxes that your stealing by not paying for gasoline,

Bottom line?
NO. You should not trade your Civic for a new (or late model) anything.

Something isn't adding up. The mileage you said you drive adds up to about 470 miles per week. Most cars go at LEAST 200 miles, if not 300+ on one tank of gas, so why are you buying gas 3-4 times per week? Is there something wrong with your civic which is causing extremely poor fuel economy?

Anyway, the volt is a good idea in general, or any other plug in hybrid that can go most of your daily commute on electricity but still has the gas engine for unlimited range (if you refill the tank as needed).

But whether or not its a good idea in your situation depends on your financial situation. How much equity do you have in the civic, if any? (equity is the amount of trade value you have left after paying off the loan). How much is the volt going to cost you? Can you afford to cover the difference or afford the payments? How long do you expect your situation with long commutes to last? Could you just move closer to work & school, or possibly get a new job or attend a different school? Is there public transportation you could use instead of driving, or perhaps could you arrange a carpool? These are all questions you need to ask yourself and think about before making this decision.

Also, you mention that you don't pay electric bill at home - who pays it? If you live with friends or family they aren't going to be happy about you running up a few hundred a month in electric bills to keep an electric car charged. If you are in a rental with the landlord paying they will be pretty upset and will either raise your rent, transfer the bill to you, or kick you out. There have been cases in the USA where even with existing leases landlords were able to change the terms and force the electric cost onto the tenant when the tenant bought an electric car - the logic is that your lease is based on ordinary residential electric usage, not based on using electricity for fuel for a car. So just think about your situation and what impact it would have if you added $200-$400 per month to your electric bill by purchasing a plug in vehicle.

The decision is far too complex for us to just give you a yes or no answer based on the brief description you provided.