Otto (Emilio Estevez) is a Los Angeles punk, a loser with no direction and no role models. But he discovers a code of honour and higher purpose when he joins a select group of latter-day knights: the repo men. As a fledging apprentice, Otto slowly learns the ways of these high-caliber, overmedicated auto repossessors. And when a $20,000 bounty is placed on a mysterious missing car, Otto eludes the police, feds, religious cultists, and other repo men in a frantic search for this holy grail. Could one man's destiny lie in the back of a 1964 Chevy Malibu?