Due to the uncertain economy, the last few years have proven to be a difficult time to get a car loan. That's about to change in 2012. As numbers improve and consumers are more likely to buy cars, it looks like lenders are also going to approve more loan applications. The Detroit Free Press reports that the average loan rate is about 1 percent lower than last year, making it the perfect time to head to New Jersey State Auto Auction to buy a used car.

"Financing will continue to be very, very affordable for most buyers," Alec Gutierrez, senior market analyst for Kelley Blue Book, told the newspaper. "You might actually have better luck than you thought with 0 percent."

The sheer number of auto loans is also on the rise. Through the first three quarters of 2011, there were 14.7 million loans, according to the news source. This is especially impressive once you consider that during the same period in 2010 there were only 13 million, and in 2009 there were only 11.7 million.

The news is even good for people with credit scores that may not be up to the level they want. In the third quarter of 2011, lending to less-than-prime borrowers was up 14.8 percent compared to the same period in 2010, Experian found.

If your credit history is not as spotless as it could be, New Jersey State Auto Auction is a great option. Thanks to a partnership with the Credit Acceptance Corporation, the dealer is able to offer guaranteed approval in just a matter of minutes. Not only will you be behind the wheel of a used car, but by paying back the loan on time, you can rebuild your credit.