People of all ages may need a little support when it comes to buying used cars. After all, it's a big investment, and it often requires assistance in the form of loans and special financing options. Millennials are just one group using these methods to get behind the wheel. 

Young people are buying cars
One common myth is that young people, referred to as millennials, are not interested in making big purchases. While it's true that these consumers may have different shopping habits than their predecessors, they are still looking to get behind the wheel. In fact, a recent study from TransUnion found that people born after 1981 are among the fastest-growing groups of drivers. 

While this age group may be buying cars, they still need some help. Many are using auto loans to swing a purchase. TransUnion noted that the total outstanding auto loan balance for millennials grew 23 percent in the past year. Individual loan balances also increased 4 percent, reaching an average of $18,678. 

"The growth in millennials' auto-loan originations dispels the common myth that millennials are not buying cars," said Jason Laky, senior vice president and automotive business leader for TransUnion, in a company statement. "The growing average-loan balances for millennials, combined with stable delinquency rates, indicate that we are still in the midst of a strong auto-lending environment."

Appealing to millennials 
What are millennials looking for in used cars? For starters, they want a wide selection. These young people are often on the hunt for something that fits their specific needs, so being able to browse through many options for the right automobile is a priority. They also want to work with people who are going to be honest. Most millennials value transparency, and they will take their business to a facility that's going to provide them with the best deals and less red tape. 

Luckily, many of these drivers can find just what they're looking for at New Jersey State Auto Auction. In addition to the hundreds of Carfax-certified used cars the lot boasts, it also has an easy-to-understand auction process and plenty of financing resources. Drivers of any age can appreciate these features and take advantage of them on their way to a purchase. 

Used cars can be an incredibly smart investment, but drivers need to be able to find a deal they're comfortable with. After all, not all buyers can afford to throw down a wad of cash and drive off the lot without any future payments – in fact, very few people can do this. That's why securing a manageable loan is so important. 

Most drivers need financing options
Experian Automotive recently conducted a study exploring how many people needed a bit of financial help affording their next purchase. According to the report, more than half of used cars purchased in the fourth quarter of 2014 – about 55.2 percent – were bought with the help of financing. Not only is that a record high, but the average loan amount increased as well. Experian noted that this figure grew $437 to $18,411. 

Additionally, the report stated that loan terms for used vehicles also increased, reaching an average of 62 months. That's in spite of the fact that the average credit score for buyers climbed about two points to 648. All of this information gives prospective buyers a lot to think about, as they'll have to find a plan that balances loan length, interest rates and total monthly payments. 

"As more consumers lean on financing, it's important for them to consider all of the factors involved, including monthly payments, interest rates and loan terms," said Melinda Zabritski, Experian's senior director of automotive finance. "These insights will enable them to have a better understanding of their potential payment obligation and take the appropriate action in order to make the vehicle fit within their monthly budget and more easily meet payment terms throughout the life of the loan."

How to find the right deal
It may take time for you to select the financing option that's right for you. However, you can speed up the process with the help of NJ State Auto Auction. This lot boasts hundreds of Carfax-certified used cars for sale, but the real value may be in its on-site financing department. This team can help you get credit approval quickly, and you can even start the process online to save time. Many of these experts have experience dealing with extreme situations and tight budgets, so you'll be in capable hands – and may find yourself behind the wheel of a used car sooner rather than later. 

There are many reasons why your credit score may be less than stellar. For many people, the hit to their credit history may be the result of a divorce. With legal fees to pay and a new home to outfit, you've likely been spending a lot of money, and you may even be trying to balance these expenses with past debts. All of this activity can wreak havoc on your credit, putting you in a tough position when shopping for used cars. 

Luckily, you aren't out of options when it comes to securing auto financing and getting behind the wheel. Focus on these areas when you're trying to get your finances aligned after a divorce. 

Explain the circumstances
One of the most basic things you can do is explain to the seller or lender why you're in a certain situation. Edmunds.com recommended studying your credit history to see if there are any dips or problematic areas you can account for in a discussion. The source also stated that credit scores aren't the only factor considered when finalizing the terms of a loan, so be sure to provide an explanation of your current situation. 

"If you understand the details of your credit history before speaking with a lender, you'll be able to make a stronger case for your qualifications as a borrower," said Emma Johnson, a personal finance expert. "Worst case scenario, if you are forced to accept a loan with a high interest rate, you can always refinance or buy another vehicle under better terms in a few years when you are back on your feet and your credit has improved."

Cover your financial bases 
When you're heading in to meet with the financing department at NJ State Auto, you should have certain monetary concerns covered. For example, make sure you carry proof of your income from after the divorce. You may have to explain your new financial situation, and having evidence makes your job much easier. It could be beneficial to budget for a larger down payment as well, as this could make you a more attractive candidate. 

You should also take a look back at your debts to determine if there are any steps you can take to separate yourself from the loans. Identify any debts that are the responsibility of your ex-partner, and consider working with him or her to remove your name from these sums. Similarly, you need to take your name off the title and insurance of your old vehicle, which will get you ready to make a purchase.