Otto, a disillusioned punk rocker, finds himself without direction after losing his job at a Los Angeles supermarket. His life takes an unexpected turn when he meets Bud, a seasoned repossession agent, who introduces him to the lucrative but dangerous world of automobile repossession. As Otto becomes entangled in the repo man lifestyle, he starts to encounter bizarre and often hostile characters, each with their own stories and motivations. One day, Otto is roped into repossessing a 1964 Chevrolet Malibu with a hefty bounty on it, rumored to be holding something highly unusual in its trunk. This new assignment sets Otto on a path filled with chaos and intrigue, where the lines between reality and conspiracy blur.

Throughout his journey, Otto navigates a surreal urban landscape, dealing with a mysterious cult, secretive government agents, and competing repo men vying for the lucrative prize. Each encounter deepens the mystery of the car and what it holds. Themes of consumerism, alienation, and the search for identity are woven into Otto's adventures, creating a darkly comic and satirical narrative. The tension escalates as Otto realizes the true nature of what he is up against, pushing him to question his beliefs and the strange reality surrounding him.