The practice of trading assets in exchange for new assets while incurring a significant loss due to the depreciation of the previously owned assets. In order for a true "Yota" to occur, this must be done repeatedly, thereby displaying a total disregard for personal fiscal responsibility.
The man decided to purchase a Mazda Rx8 only to turn around three months later and trade it in on a used Toyota Tacoma. After owning the Tacoma for six months, he pulled a yota and traded his Tacoma in for a brand new Mazda 6.
Prices shown in USD.
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