In recent years, many drivers have been leaning toward purchasing used cars due to a struggling economy and high gas prices. In fact, last year, demand for used vehicles was so high some used cars cost more than their new counterparts for a while. Edmunds reports that even now, some used vehicles cost nearly the same as new ones, such as the Mazda MX-5 and the Toyota Tacoma PreRunner.

Those looking to purchase a used car may want to do so sooner than later, as a recent report by the National Automobile Dealers Association (NADA) indicates that the average cost of used cars will increase this year. However, since there is more demand and less supply when it comes to used vehicles, drivers thinking about trading in their current cars may be in luck.

"The slowing rate of depreciation on used vehicles over the course of the year will lead to even stronger trade-in values and enhance the equity that a consumer has in their vehicle," said Jonathan Banks, an executive automotive analyst with the NADA Used Car Guide.

Drivers who want to get behind the wheel of used cars can head to New Jersey State Auto Auction, which offers a wide variety of makes and models at affordable prices. Not only that, but you may be able to trade in your current car and directly transfer the funds to your next purchase, which will help you save on your auto loan.

If you do need to apply for a car loan, you can do so directly at New Jersey State Auto Auction, which offers guaranteed credit approval.