Otto follows Bud in the car to the "Helping Hand Acceptance Corporation" (a small automobile repossession agency), where he learns that the car he drove was being repossessed. He refuses to join Bud as a repossession agent, or "repo man", and goes to his parents' house. He learns that his burned-out, pot-smoking, ex-hippie parents (Jonathan Hugger, Sharon Gregg) have donated the money they promised him for finishing school to a crooked televangelist. He decides to take the repo job.
Otto soon learns that, as Bud had told him, "the life of a repo man is always intense." He enjoys the fast living, drug use, car chases, hot-wiring cars, and good pay. His old life is boring by comparison.