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Can You Afford To Buy A Car? #YouTellUs

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Used car salesman

Used car salesman

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America has a budget crisis on its hands: simply put, it can't pay its bills. This is already affecting our economy and the market for new cars.

Some consumers may consider rushing out to buy a vehicle before August 2, while others think it will be better to wait it out and see how everything ends up. Used car prices are creeping up again, and many automakers are no longer slapping cash on the hood.

So today we ask you, can you afford to buy a car? Tweet us your response and make sure to include the hashtag #CarBuying -- and you'll join the chorus right here via CoverItLive.

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