Lenders may be becoming more apt to approve applicants for auto loans, but this can result in longer processing times than in years past. That does not mean there are no ways to expedite the process. You simply have to be prepared with the right paperwork and forms.

Experts say that one of the most important things to have ready is paperwork. You should have copies of either your W-2 forms or Federal Tax Returns, which are crucial in proving to lenders that you have an income and you'll be able to make your payments on time. Similarly, you'll probably have a year-to-date pay stub as another proof of income.

Along with providing proof of income, you will also want to bring any documentation of outstanding debt or loans that could show up on your credit report. This is especially important if there has been an update on the matter. As such, you may want to bring in your own credit report and your bank statement from the previous month. Not only will this make the process go more smoothly but it will also improve your chances of getting approved.

"Doing the groundwork before entering the loan process will allow for a smoother transaction with less frustration," said Doug Lebda, founder and CEO of LendingTree. "Although lenders are flooded with volume, borrowers who come to the table prepared will increase lender efficiency and will allow for a shorter closing timeframe."

Choosing the right lender is of the utmost importance as well, and few are more accommodating than New Jersey State Auto Auction. The business offers guaranteed approval to applicants regardless of their credit history.