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Mike Nolan (Darren McGavin) is a Beverly Hills resident whose divorce case -- blown by a hopelessly inept, possibly larcenous attorney (Dick Martin) -- has left him with no home, no job, and no assets, except for his car. And when the car is driven off by 16-year-old repo agent "Larry" (Denise Nickerson), Mike gives chase and finds himself hired by the brassy owner (Sylvia Miles) of the auto repossession company the girl works for. He and Larry are teamed together to go after a car being driven by luscious deadbeat Gloria Martine (Joan Collins), but before long Mike is up to his neck in trouble, not only fending off unwanted advances from Larry but trying for some extracurricular activity with Gloria. And that's not even taking into account the hoods, motorcyclists, and other irate citizens that he runs afoul of in his new "career".